# China cuts soybean purchases from the US in August

> China's soybean imports from the US fell sharply in August, down 58% year on year to about 120,100 tonnes, while Brazil supplied 9.09 million of roughly 9.36 million tonnes imported that month. Cumulative US sales to China in the first eight months still rose 14% year on year.

- Date: 2023-09-22 · published 2023-09-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14811-china-cuts-soybean-purchases-from-the-us-in-august
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Brazil's dominance of Chinese purchases weakens US soybean export demand during the harvest period, pressuring US soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-09 | [China cutting US soybean purchases in face of tariffs threat \| AP News](https://feedsoft.ai/events/64913-china-cutting-us-soybean-purchases-in-face-of-tariffs-threat-ap-news.md) | +0.7% | -1.7% |
| SOY | 2026-08-01 | [Tariffs, in the way of larger China purchases of US soybeans: market sources](https://feedsoft.ai/events/18362-tariffs-in-the-way-of-larger-china-purchases-of-us-soybeans-market-sources.md) | -1.3% | +8.9% |
| SOY | 2019-08-01 | [China’s U.S. Soybean Purchases Slump to 2004 Low](https://feedsoft.ai/events/57948-china-s-u-s-soybean-purchases-slump-to-2004-low.md) | -1.8% | -1.3% |
| SOY | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +1.2% | +0.4% |
| SOY | 2022-09-20 | [China’s soybean imports from Brazil plunge in August - Markets - Business Recorder](https://feedsoft.ai/events/14901-china-s-soybean-imports-from-brazil-plunge-in-august-markets-business-recorder.md) | -3.4% | -5.2% |
| SBM | 2022-09-20 | [China’s soybean imports from Brazil plunge in August - Markets - Business Recorder](https://feedsoft.ai/events/14901-china-s-soybean-imports-from-brazil-plunge-in-august-markets-business-recorder.md) | -1.6% | -4.7% |
| SBM | 2022-04-20 | [China's March soybean imports from U.S. fall from previous year](https://feedsoft.ai/events/14939-china-s-march-soybean-imports-from-u-s-fall-from-previous-year.md) | -4.0% | -11.4% |
| SBM | 2019-08-23 | [Trade war: US official says China far short of soybean purchase pledge](https://feedsoft.ai/events/57439-trade-war-us-official-says-china-far-short-of-soybean-purchase-pledge.md) | -0.6% | -0.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-cuts-soybean-purchases-from-the-us-in-august/

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