# China diversifies imports from Brazil, but soybeans remain top priority - DatamarNews

> Brazil's share of agricultural exports to China rose to 37% in the first half of 2023, with China buying 1.34 million tonnes of Brazilian corn. Soybean purchases reached 43.5 million tonnes, helped by lower soybean prices.

- Date: 2023-07-18 · published 2023-07-18T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/14829-china-diversifies-imports-from-brazil-but-soybeans-remain-top-priority
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong Chinese buying of Brazilian soybeans at lower prices supports Brazilian export demand and keeps global soybean prices under pressure.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-20 | [Chinese prefer Brazilian soybeans - DatamarNews](https://feedsoft.ai/events/57650-chinese-prefer-brazilian-soybeans-datamarnews.md) | -0.0% | +4.7% |
| SOY | 2021-12-02 | [China buys Brazilian and North American soybeans after falling prices - DatamarNews](https://feedsoft.ai/events/43636-china-buys-brazilian-and-north-american-soybeans-after-falling-prices.md) | +2.7% | +8.1% |
| SOY | 2022-04-06 | [China Diversifies Ag Imports, U.S. Gets Smaller Piece \| Feed & Grain](https://feedsoft.ai/events/14945-china-diversifies-ag-imports-u-s-gets-smaller-piece-feed-and-grain.md) | +2.4% | +2.4% |
| SOY | 2019-04-24 | [Argentina seeks soybean sales in China - DatamarNews](https://feedsoft.ai/events/59437-argentina-seeks-soybean-sales-in-china-datamarnews.md) | -2.4% | -4.6% |
| SOY | 2022-11-15 | [China mulls importing soybean meal from Brazil as supply shortage bites](https://feedsoft.ai/events/38746-china-mulls-importing-soybean-meal-from-brazil-as-supply-shortage-bites.md) | -0.3% | +2.6% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/china-diversifies-imports-from-brazil-but-soybeans-remain-top-priority/

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