# U.S. soybean export sales down, but not out | CoBank | Cooperative. Connected. Committed.

> CoBank reports that new-crop US soybean export sales for 2024/25 are the slowest since 2008 for this time of year, excluding 2019. Chinese bookings are at their slowest in nearly two decades, and a strong dollar and trade policy uncertainty are weighing on buyers.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14726-u-s-soybean-export-sales-down-but-not-out-cobank-cooperative-connected-committed
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weak forward bookings point to softer US soybean export demand early in the marketing year, which pressures soybean and meal prices unless South American supply shortfalls emerge.

## Read by commodity

- DXY: bullish ▲
- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-12-03 | [US Soybean Export Sales Running Out of Time](https://feedsoft.ai/events/43683-us-soybean-export-sales-running-out-of-time.md) | +1.6% | +6.8% |
| SOY | 2018-10-29 | [U.S. experiences 'soybean backup' as exporters struggle to sell - UPI.com](https://feedsoft.ai/events/62592-u-s-experiences-soybean-backup-as-exporters-struggle-to-sell-upi-com.md) | +3.6% | +2.0% |
| SOY | 2024-10-01 | [COMMENTARY: Recent strength in US soy sales not enough to lift export prospects](https://feedsoft.ai/events/28340-commentary-recent-strength-in-us-soy-sales-not-enough-to-lift-export-prospects.md) | -2.2% | -7.9% |
| SOY | 2024-02-01 | [U.S. grains: Soybeans slide on disappointing US export data; corn also down - AgCanada](https://feedsoft.ai/events/31703-u-s-grains-soybeans-slide-on-disappointing-us-export-data-corn-also-down.md) | -2.7% | -7.7% |
| SOY | 2020-06-23 | [Column: Does China still need U.S. soybeans after Brazil's export bonanza? - Braun \| Reuters](https://feedsoft.ai/events/52673-column-does-china-still-need-u-s-soybeans-after-brazil-s-export-bonanza-braun.md) | -1.1% | +2.3% |
| SBM | 2021-12-03 | [US Soybean Export Sales Running Out of Time](https://feedsoft.ai/events/43683-us-soybean-export-sales-running-out-of-time.md) | +2.4% | +13.0% |
| SBM | 2025-12-11 | [Soybean futures rise on fresh US export sales - CBOT
						 \| The Pig Site](https://feedsoft.ai/events/21584-soybean-futures-rise-on-fresh-us-export-sales-cbot-the-pig-site.md) | +0.1% | +0.9% |
| SBM | 2018-07-27 | [Soybeans up on export sale, prospect for more - Brownfield Ag News](https://feedsoft.ai/events/64107-soybeans-up-on-export-sale-prospect-for-more-brownfield-ag-news.md) | +0.1% | -5.7% |

## Sources

- cobank.com: https://www.cobank.com/knowledge-exchange/us-soybean-export-sales-down-but-not-out

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