# US soybean trade with China already strained before Trump's return

> US soybean sales to China for 2024-25 were at a 16-year low as of Oct. 31, down about 1% year on year. China now accounts for only 44% of total US soybean sales, an 18-year low excluding the 2018-2019 trade-war years.

- Date: 2024-11-08 · published 2024-11-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/14705-us-soybean-trade-with-china-already-strained-before-trump-s-return
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak export sales to China signal softer US soybean demand, which tends to weigh on US soybean and soymeal prices unless other buyers absorb the volume.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-07-01 | [Bumper U.S. Corn and Soybean Harvests Are Within Reach](https://feedsoft.ai/events/45919-bumper-u-s-corn-and-soybean-harvests-are-within-reach.md) | -4.1% | -1.1% |
| SOY | 2018-07-12 | [China cuts soybean import forecast in face of trade war](https://feedsoft.ai/events/63895-china-cuts-soybean-import-forecast-in-face-of-trade-war.md) | +1.5% | +7.7% |
| SOY | 2023-01-09 | [Report: China's soybean imports will decline by 2030 \| Feed & Grain](https://feedsoft.ai/events/37769-report-china-s-soybean-imports-will-decline-by-2030-feed-and-grain.md) | +2.4% | +1.3% |
| SOY | 2024-11-13 | [China’s soybean production, imports steady \| World Grain](https://feedsoft.ai/events/27390-china-s-soybean-production-imports-steady-world-grain.md) | -0.5% | -0.8% |
| SOY | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +2.0% | -1.2% |
| SBM | 2021-07-01 | [Bumper U.S. Corn and Soybean Harvests Are Within Reach](https://feedsoft.ai/events/45919-bumper-u-s-corn-and-soybean-harvests-are-within-reach.md) | -3.6% | -4.2% |
| SBM | 2018-07-12 | [China cuts soybean import forecast in face of trade war](https://feedsoft.ai/events/63895-china-cuts-soybean-import-forecast-in-face-of-trade-war.md) | -1.4% | +1.2% |
| SBM | 2023-01-09 | [Report: China's soybean imports will decline by 2030 \| Feed & Grain](https://feedsoft.ai/events/37769-report-china-s-soybean-imports-will-decline-by-2030-feed-and-grain.md) | +1.7% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-soybean-trade-with-china-already-strained-before-trumps-return-2024-11-08/

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