# Soybean Demand Offers Hope for the Market | Red River Farm Network

> S&W Trading analyst Andy Shissler expects US soybean exports to exceed current reporting, citing likely switching from unknown destinations. Several recent flash sales went to unknown buyers or China, though none are final until paid. He notes soybean futures typically rally when China's purchase programs run into year-end.

- Date: 2020-08-13 · published 2020-08-13T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/11345-soybean-demand-offers-hope-for-the-market-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected Chinese purchase programs in the fall would absorb US soybean supply and support prices into year-end. The outlook is still conditional on sales being completed and paid for.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-17 | [Soybean Demand Stays Strong \| Red River Farm Network](https://feedsoft.ai/events/49683-soybean-demand-stays-strong-red-river-farm-network.md) | +6.3% | +19.7% |
| SOY | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +5.5% | +2.2% |
| SOY | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +2.2% | +2.0% |
| SOY | 2020-04-23 | [Soybean Prices in the Pacific Northwest are Competitive \| Red River Farm Network](https://feedsoft.ai/events/53676-soybean-prices-in-the-pacific-northwest-are-competitive-red-river-farm-network.md) | -0.4% | +1.4% |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |
| SBM | 2020-12-17 | [Soybean Demand Stays Strong \| Red River Farm Network](https://feedsoft.ai/events/49683-soybean-demand-stays-strong-red-river-farm-network.md) | +6.8% | +16.7% |
| SBM | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +8.2% | +3.9% |
| SBM | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.6% | +5.8% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/08/13/analyst-optimistic-on-u-s-soybean-demand/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.