# Soybean Export Sales Surge on Chinese Buying 22.08.2022 - UkrAgroConsult

> USDA weekly export sales for the week ended August 11 showed soybean sales of 1.4 million metric tons across marketing years, with 779,000 tons of 2022/23 sales going to China. Soybean sales beat trader expectations, while corn sales hit the high end of forecasts and wheat sales fell below the low end.

- Date: 2022-08-22 · published 2022-08-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/14909-soybean-export-sales-surge-on-chinese-buying-22-08-2022-ukragroconsult
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Soybean sales above expectations, led by Chinese buying, support near-term US soybean prices and export basis. Weak wheat sales point to continued competitive pressure on US wheat.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-06-29 | [2022 U.S. Corn Rating Declines 3%, Soybeans Decline 3% 29.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13354-2022-u-s-corn-rating-declines-3-soybeans-decline-3-29-06-2022-ukragroconsult.md) | -5.0% | -5.1% |
| SOY | 2021-02-19 | [Economists Analyze Export Sales and Long-Term Chinese Buying Trends](https://feedsoft.ai/events/48472-economists-analyze-export-sales-and-long-term-chinese-buying-trends.md) | +2.3% | +1.3% |
| SOY | 2021-11-09 | [US soybean production cut in surprise move – WASDE 10.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/44007-us-soybean-production-cut-in-surprise-move-wasde-10-11-2021-ukragroconsult.md) | +6.7% | +6.1% |
| SOY | 2022-04-20 | [US soybean crush hit a record high for March: NOPA 20.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/41923-us-soybean-crush-hit-a-record-high-for-march-nopa-20-04-2022-ukragroconsult.md) | -0.7% | -2.2% |
| SOY | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.1% | -7.8% |
| CORN | 2022-06-29 | [2022 U.S. Corn Rating Declines 3%, Soybeans Decline 3% 29.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13354-2022-u-s-corn-rating-declines-3-soybeans-decline-3-29-06-2022-ukragroconsult.md) | +1.2% | -16.3% |
| CORN | 2021-02-19 | [Economists Analyze Export Sales and Long-Term Chinese Buying Trends](https://feedsoft.ai/events/48472-economists-analyze-export-sales-and-long-term-chinese-buying-trends.md) | +0.6% | -5.3% |
| CORN | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.5% | -5.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/soybean-export-sales-surge-on-chinese-buying/

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