# Are election fears causing top US corn and soy customers to stock up early?

> Chinese buyers are reportedly avoiding U.S. soybeans for January delivery and later over tariff uncertainty, favoring pricier Brazilian supply. As of mid-October, China's U.S. soybean bookings for 2024-25 were at a 16-year low excluding trade-war years.

- Date: 2024-10-31 · published 2024-10-31T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14709-are-election-fears-causing-top-us-corn-and-soy-customers-to-stock-up-early
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak Chinese demand for U.S. beans shifts export sales toward Brazil and pressures U.S. soybean prices, while Brazilian premiums may firm.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-26 | [Are China's Problems Adding to Bearish Pressures in US Corn, Soybeans?](https://feedsoft.ai/events/5568-are-china-s-problems-adding-to-bearish-pressures-in-us-corn-soybeans.md) | +2.2% | +14.9% |
| SOY | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -1.7% | +13.5% |
| SOY | 2023-03-01 | [Are we heading to sub-$4 corn?](https://feedsoft.ai/events/37351-are-we-heading-to-sub-4-corn.md) | +2.3% | -1.5% |
| SOY | 2018-04-06 | [Rand falls on trade war fears, stocks up - Moneyweb](https://feedsoft.ai/events/65807-rand-falls-on-trade-war-fears-stocks-up-moneyweb.md) | +2.9% | +1.2% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/are-election-fears-causing-top-us-corn-soy-customers-stock-up-early-2024-10-31/

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