# China is Buying Soybeans Again, But Why? - AgWeb

> USDA reported a 106,000 mt soybean sale to China and a 120,000 mt sale to unknown destinations in the 2023/24 marketing year. Analysts said the buyer could be China, Europe, or others, and that Chinese buying may be aimed at building reserves.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/14741-china-is-buying-soybeans-again-but-why-agweb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewed export sales support US soybean demand, though uncertainty about final destinations limits the price signal.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-31 | [With a China Deal How High Will Soybean and Grain Prices Rally? What is China Already Buying? - AgWeb](https://feedsoft.ai/events/14628-with-a-china-deal-how-high-will-soybean-and-grain-prices-rally-what-is-china.md) | +0.0% | +4.3% |
| SOY | 2026-06-17 | [Grains Rally as as Soybean Export Business Confirmed: Is it China and Will it Spur Fund Buying? - AgWeb](https://feedsoft.ai/events/18829-grains-rally-as-as-soybean-export-business-confirmed-is-it-china-and-will-it.md) | -1.9% | +5.8% |
| SOY | 2017-10-27 | [US export report: China buys soybeans / Spain buys](https://feedsoft.ai/events/68330-us-export-report-china-buys-soybeans-spain-buys.md) | +1.8% | +2.3% |
| SOY | 2020-06-05 | [Analysts say China to continue buying US soybeans \| 2020-06-05  \| World Grain](https://feedsoft.ai/events/52605-analysts-say-china-to-continue-buying-us-soybeans-2020-06-05-world-grain.md) | -0.2% | +2.9% |
| SOY | 2026-02-05 | [Soybeans Rally on Additional China Purchases: Will They Really Buy? - AgWeb](https://feedsoft.ai/events/20642-soybeans-rally-on-additional-china-purchases-will-they-really-buy-agweb.md) | +2.9% | +6.5% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/soybeans/china-buying-soybeans-again-why

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