# US soy volatile on possible China buying | Latest Market News

> CBOT May soybean futures spiked briefly after signs China may be resuming US soybean purchases, then closed down 0.042 per bushel at 11.28. Buyers may have contracted up to seven cargoes for April-May loading in the US Gulf, and US sales to China for the marketing year stood at 9.89mn t as of 29 January.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14768-us-soy-volatile-on-possible-china-buying-latest-market-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Renewed Chinese buying would tighten US export availability and support soybean prices. The conflicting official sales claims leave the durability of the demand uncertain.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-26 | [China’s soybean crush margins worsen \| Latest Market News](https://feedsoft.ai/events/12640-china-s-soybean-crush-margins-worsen-latest-market-news.md) | +8.6% | +19.0% |
| SOY | 2019-02-25 | [China commits to buying additional US soybeans and possibly more](https://feedsoft.ai/events/60476-china-commits-to-buying-additional-us-soybeans-and-possibly-more.md) | -1.2% | -0.7% |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2022-08-18 | [New marketing year points to favorable soybean export volumes to China](https://feedsoft.ai/events/14908-new-marketing-year-points-to-favorable-soybean-export-volumes-to-china.md) | +5.8% | -1.6% |
| SOY | 2019-09-13 | [Soybeans up, waiting for more on China - Brownfield Ag News](https://feedsoft.ai/events/9441-soybeans-up-waiting-for-more-on-china-brownfield-ag-news.md) | +1.1% | +4.6% |
| SBM | 2019-02-25 | [China commits to buying additional US soybeans and possibly more](https://feedsoft.ai/events/60476-china-commits-to-buying-additional-us-soybeans-and-possibly-more.md) | -0.8% | +3.1% |
| SBM | 2017-06-20 | [China may buy record volume of U.S. soybeans](https://feedsoft.ai/events/70349-china-may-buy-record-volume-of-u-s-soybeans.md) | -2.5% | +7.3% |
| SBM | 2026-08-06 | [China Books 13 More US Soy Cargoes, Nearing Quarter of Target](https://feedsoft.ai/events/14554-china-books-13-more-us-soy-cargoes-nearing-quarter-of-target.md) | +0.4% | +9.9% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2786117-us-soy-volatile-on-possible-china-buying

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