# The food front: US farmers see sales to China picking up and hope for more – Chin@Strategy

> US soybean producers signed deals worth billions of dollars with a Chinese delegation before the San Francisco summit, the first bulk signing since 2017. Chinese buyers purchased over 3 million tonnes of soybeans in a single day. Agricultural trade between the two countries is picking up.

- Date: 2024-02-12 · published 2024-02-12T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14777-the-food-front-us-farmers-see-sales-to-china-picking-up-and-hope-for-more-chin
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large Chinese soybean purchases and bulk signings support US soybean export prices and reduce trade-war risk. Renewed buying would tighten nearby US soybean supplies.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-26 | [China offers to import more from US in return for easing of export curbs](https://feedsoft.ai/events/70889-china-offers-to-import-more-from-us-in-return-for-and-8202-easing-and-8202-of.md) | -1.9% | -3.7% |
| SOY | 2026-04-22 | [US hoping for wider farm goods purchases deal from China in Trump’s trip, Greer says \| KELO-AM](https://feedsoft.ai/events/14582-us-hoping-for-wider-farm-goods-purchases-deal-from-china-in-trump-s-trip-greer.md) | -0.1% | +3.0% |
| SOY | 2022-02-01 | [Export Sales to China and Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/42668-export-sales-to-china-and-mexico-usda-foreign-agricultural-service.md) | +6.1% | +14.4% |
| SOY | 2019-07-25 | [As US-China trade talks resume, how much demand does Beijing have for American farm goods? \| South China Morning Post](https://feedsoft.ai/events/57952-as-us-china-trade-talks-resume-how-much-demand-does-beijing-have-for-american.md) | -3.0% | -3.4% |
| SOY | 2026-04-25 | [Trump heads to China in May — US farm groups are in the dark](https://feedsoft.ai/events/14589-trump-heads-to-china-in-may-us-farm-groups-are-in-the-dark.md) | +2.1% | +2.8% |

## Sources

- chinastrategy.org: https://www.chinastrategy.org/2024/02/12/the-food-front-us-farmers-see-sales-to-china-picking-up-and-hope-for-more/

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