# EXCLUSIVE China buys U.S. soybeans on good profits, despite peak Brazil export season

> China booked at least five cargoes, about 300,000 tonnes, of U.S. soybeans for April-May shipment, according to an Asia-based trader. USDA confirmed private exporters had reported sales of 198,000 tonnes to China and 198,000 tonnes to unknown destinations for the 2021/22 marketing year. The purchases came despite peak Brazilian export season.

- Date: 2022-03-02 · published 2022-03-02T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14946-exclusive-china-buys-u-s-soybeans-on-good-profits-despite-peak-brazil-export
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese buying of U.S. soybeans during Brazil's peak export period supports U.S. soybean export demand and firms prices. Traders would expect this to narrow the U.S. basis discount.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -0.4% | -1.6% |
| SOY | 2017-10-27 | [US export report: China buys soybeans / Spain buys](https://feedsoft.ai/events/68330-us-export-report-china-buys-soybeans-spain-buys.md) | +1.8% | +2.3% |
| SOY | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -2.6% | -5.7% |
| SOY | 2017-08-17 | [Weekly Export Report - China buys more soybeans \| Farm Progress](https://feedsoft.ai/events/69323-weekly-export-report-china-buys-more-soybeans-farm-progress.md) | +1.4% | +4.9% |
| SOY | 2019-11-13 | [Chinese importers buy U.S. soybean cargoes despite ports congestion](https://feedsoft.ai/events/55906-chinese-importers-buy-u-s-soybean-cargoes-despite-ports-congestion.md) | +0.6% | -1.4% |
| SBM | 2019-07-19 | [Exclusive: Brazil soybeans lose protein, China sales at risk](https://feedsoft.ai/events/58123-exclusive-brazil-soybeans-lose-protein-china-sales-at-risk.md) | -1.0% | -5.0% |
| SBM | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -1.8% | -1.8% |
| SBM | 2017-08-17 | [Weekly Export Report - China buys more soybeans \| Farm Progress](https://feedsoft.ai/events/69323-weekly-export-report-china-buys-more-soybeans-farm-progress.md) | -0.4% | +4.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-buys-u-s-soybeans-on-good-profits-despite-peak-brazil-export-season
- newsdakota.com: https://www.newsdakota.com/2022/03/03/china-buys-u-s-soybeans-on-good-profits-despite-peak-brazil-export-season/
- reuters.com: https://www.reuters.com/markets/us/exclusive-china-buys-us-soybeans-good-profits-despite-peak-brazil-export-season-2022-03-02/

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