# Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post

> U.S. soybeans rose for a sixth straight session after China offered at least 1 million tonnes of new tariff waivers for January and February shipment. Corn and wheat were little changed, and traders are watching a possible U.S.-China deal before new tariffs take effect on December 15.

- Date: 2019-12-10 · published 2019-12-10T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/12382-soybeans-extend-gains-as-chinese-purchases-stir-hopes-of-u-s-china-deal
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Renewed Chinese buying and tariff waivers improve export demand for U.S. soybeans, but prices remain sensitive to whether a trade deal is reached before the tariff deadline.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-13 | [Soybeans extend gains after big Chinese purchase fuels trade hopes \| Financial Post](https://feedsoft.ai/events/10850-soybeans-extend-gains-after-big-chinese-purchase-fuels-trade-hopes-financial.md) | +1.1% | +4.6% |
| 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% |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| SOY | 2019-10-23 | [Soybeans pare gains after surge on China demand prospects \| Financial Post](https://feedsoft.ai/events/56613-soybeans-pare-gains-after-surge-on-china-demand-prospects-financial-post.md) | -1.7% | -2.4% |
| SOY | 2020-09-17 | [Soybeans at 27-month high on Chinese demand, corn dips \| Financial Post](https://feedsoft.ai/events/9343-soybeans-at-27-month-high-on-chinese-demand-corn-dips-financial-post.md) | +0.3% | +4.4% |
| CORN | 2019-09-13 | [China's soybean purchase keeps rally alive](https://feedsoft.ai/events/10854-china-s-soybean-purchase-keeps-rally-alive.md) | +3.9% | +5.5% |
| CORN | 2019-12-14 | [Factbox: A lot of soy, a little rice - China's historical U.S. agricultural purchases](https://feedsoft.ai/events/55442-factbox-a-lot-of-soy-a-little-rice-china-s-historical-u-s-agricultural-purchases.md) | +4.2% | +4.8% |
| CORN | 2019-10-11 | [Day 1 of U.S.-China trade talks ends with hopes for limited deal](https://feedsoft.ai/events/56618-day-1-of-u-s-china-trade-talks-ends-with-hopes-for-limited-deal.md) | +2.8% | +0.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-extend-gains-as-chinese-purchases-stir-hopes-of-u-s-china-deal

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