# China keeps positive relations with soybean exporters - Chinadaily.com.cn

> A Chinese Ministry of Agriculture and Rural Affairs official said China has good trade relations with major soybean exporters and that buyers make independent purchasing decisions. The statement responded to reports that Vilsack suggested China was favoring Brazilian soybeans in retaliation for US farmland restrictions.

- Date: 2024-04-19 · published 2024-04-19T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14762-china-keeps-positive-relations-with-soybean-exporters-chinadaily-com-cn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The denial leaves open whether Chinese buyers are shifting away from US soybeans, so the trade-policy uncertainty continues. Procurement is still expected to follow supply, demand and price.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-12 | [CFR China soybeans basis back in positive; downside risks remain on stricter custom inspection](https://feedsoft.ai/events/35937-cfr-china-soybeans-basis-back-in-positive-downside-risks-remain-on-stricter.md) | -7.6% | -3.9% |
| SOY | 2024-01-01 | [COMMENTARY: Massive Brazilian soybean exports too heavily leaning on China?](https://feedsoft.ai/events/32739-commentary-massive-brazilian-soybean-exports-too-heavily-leaning-on-china.md) | -4.2% | -5.8% |
| SOY | 2019-10-15 | [Soybean promoters shop for  new markets as talks with China continue](https://feedsoft.ai/events/56619-soybean-promoters-shop-for-new-markets-as-talks-with-china-continue.md) | -0.8% | -3.8% |
| SOY | 2019-04-01 | [U.S. Soybean Exports to China Increased in February; Trade Negotiations Return to Washington, D.C. \| Farm Policy News \| Illinois](https://feedsoft.ai/events/59451-u-s-soybean-exports-to-china-increased-in-february-trade-negotiations-return-to.md) | +1.7% | -4.2% |
| SOY | 2023-06-14 | [China: Russian soybeans – in, American soybeans - out - International Affairs](https://feedsoft.ai/events/14839-china-russian-soybeans-in-american-soybeans-out-international-affairs.md) | +8.3% | +8.5% |

## Sources

- chinadaily.com.cn: https://www.chinadaily.com.cn/a/202404/19/WS66220748a31082fc043c2e86.html

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