# Exclusive: China's state importer books US soy purchases as tariff threat looms | Reuters

> China's state reserve buyer Sinograin purchased nearly 500,000 metric tons of U.S. soybeans for March and April shipment, paying more than for cheaper Brazilian beans. Traders said state importers are likely to receive exemptions if China imposes retaliatory tariffs on U.S. supplies.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14695-exclusive-china-s-state-importer-books-us-soy-purchases-as-tariff-threat-looms
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

State buying supports U.S. soybean prices and export demand ahead of expected Trump tariffs, while private crushers face tariff costs that could shift flows toward Brazil.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -1.3% | +8.9% |
| SOY | 2023-11-07 | [EXCLUSIVE: China makes largest US soy purchases in months -traders \| Reuters](https://feedsoft.ai/events/14795-exclusive-china-makes-largest-us-soy-purchases-in-months-traders-reuters.md) | +2.1% | -2.6% |
| SOY | 2019-01-01 | [Exclusive: China makes first big U.S. soybean purchase since Trump-Xi truce By Reuters](https://feedsoft.ai/events/61592-exclusive-china-makes-first-big-u-s-soybean-purchase-since-trump-xi-truce-by.md) | +2.7% | +4.4% |
| SOY | 2020-04-23 | [Exclusive: Amid coronavirus, China looks to U.S. crops for state reserves - sources](https://feedsoft.ai/events/53500-exclusive-amid-coronavirus-china-looks-to-u-s-crops-for-state-reserves-sources.md) | -0.4% | +1.4% |
| SOY | 2020-07-14 | [China books record U.S. corn purchase, also buys soybeans \| Reuters](https://feedsoft.ai/events/51978-china-books-record-u-s-corn-purchase-also-buys-soybeans-reuters.md) | +3.0% | +0.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/chinas-state-importer-books-us-soy-purchases-tariff-threat-looms-2024-12-19/

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