# Chinese imports of soybeans from the US in August increased by 70%

> China's soybean imports from the U.S. in August 2024 rose 70% year on year to 202.3 thousand tons, from 119.1 thousand a year earlier. Brazilian imports rose 12% to 10.24 million tons. Buyers took advantage of low soybean prices.

- Date: 2024-09-23 · published 2024-09-23T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/14722-chinese-imports-of-soybeans-from-the-us-in-august-increased-by-70
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Increased U.S. shipments to China support export demand for U.S. soybeans, but volumes remain small against Brazil's supply. The effect on prices is limited.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-04-06 | [US Agriculture Bets the Farm on Chinese Soy Demand](https://feedsoft.ai/events/71362-us-agriculture-bets-the-farm-on-chinese-soy-demand.md) | +0.4% | +2.2% |
| SOY | 2023-07-18 | [China diversifies imports from Brazil, but soybeans remain top priority - DatamarNews](https://feedsoft.ai/events/14829-china-diversifies-imports-from-brazil-but-soybeans-remain-top-priority.md) | +2.6% | -6.3% |
| SOY | 2026-10-07 | [Tight supplies support soybeans in wake of China’s snub](https://feedsoft.ai/events/17151-tight-supplies-support-soybeans-in-wake-of-china-s-snub.md) | -1.5% | -5.2% |
| SOY | 2024-10-20 | [China September soy imports from US up 13-fold Y/Y - Markets - Business Recorder](https://feedsoft.ai/events/14710-china-september-soy-imports-from-us-up-13-fold-y-y-markets-business-recorder.md) | +1.8% | +2.9% |
| SOY | 2018-09-21 | [For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war](https://feedsoft.ai/events/62891-for-bold-chinese-buyers-of-soybeans-bargain-u-s-prices-trump-trade-war.md) | +0.6% | +1.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinese-imports-of-soybeans-from-the-united-states-in-august-increased-by-70/

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