# U.S. Share in China's Soybean Market to Dwindle as Argentina Boosts Supply

> US soybean exports to China have declined for years as Brazil has grown its share, and Argentina's bumper 2024 crop adds competition. Argentine beans are expected to replace some US cargoes in the fourth quarter. Chicago soybean futures had fallen almost 10% in 2024.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14757-u-s-share-in-china-s-soybean-market-to-dwindle-as-argentina-boosts-supply
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Losing Chinese market share to Argentina and Brazil reduces export demand for US soybeans and adds downward pressure on CBOT soybean futures.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-11-03 | [Brazil cuts into U.S. soybean market share in China - AgCanada](https://feedsoft.ai/events/68018-brazil-cuts-into-u-s-soybean-market-share-in-china-agcanada.md) | -1.4% | +0.5% |
| SOY | 2025-09-18 | [Soybean windfall brings pain to Argentina’s crushing industry amid US-China trade war](https://feedsoft.ai/events/13834-soybean-windfall-brings-pain-to-argentina-s-crushing-industry-amid-us-china.md) | -3.3% | -3.6% |
| SOY | 2018-05-02 | [China Seen Jolting Soybean Market by Shunning U.S. Supplies - AgriBusiness Global](https://feedsoft.ai/events/65056-china-seen-jolting-soybean-market-by-shunning-u-s-supplies-agribusiness-global.md) | -3.0% | -1.9% |
| SOY | 2018-05-10 | [China set to trim 2018/19 soybean imports as trade row boosts prices](https://feedsoft.ai/events/64912-china-set-to-trim-2018-19-soybean-imports-as-trade-row-boosts-prices.md) | -0.7% | -3.3% |
| SOY | 2018-01-25 | [Protein plight: Brazil steals U.S. soybean share in China](https://feedsoft.ai/events/66980-protein-plight-brazil-steals-u-s-soybean-share-in-china.md) | +0.4% | +4.0% |

## Sources

- agriculture.com: https://www.agriculture.com/u-s-share-in-china-s-soybean-market-to-dwindle-as-argentina-boosts-supply-8640322

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