# Australian Dollar gains ground as China’s COFCO purchases US soybean cargoes

> The Australian dollar rose after China's state-owned COFCO bought three US soybean cargoes, according to Reuters trade sources. The currency also gained on Australian CPI data that reduced the likelihood of near-term RBA cuts.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/22667-australian-dollar-gains-ground-as-china-s-cofco-purchases-us-soybean-cargoes
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

COFCO purchases of US soybeans signal renewed Chinese buying ahead of a leaders' meeting, supporting US soybean prices and demand expectations.

## Read by commodity

- SOY: bullish ▲
- AUDUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +2.8% | +4.6% |
| SOY | 2018-11-02 | [Yen falls, Australian dollar gains as US-China trade angst eases - The HinduBusinessLine](https://feedsoft.ai/events/62287-yen-falls-australian-dollar-gains-as-us-china-trade-angst-eases-the.md) | -0.2% | +3.0% |
| SOY | 2019-12-10 | [Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal \| Financial Post](https://feedsoft.ai/events/12382-soybeans-extend-gains-as-chinese-purchases-stir-hopes-of-u-s-china-deal.md) | +2.8% | +4.6% |
| SOY | 2019-09-13 | [China's soybean purchase keeps rally alive](https://feedsoft.ai/events/10854-china-s-soybean-purchase-keeps-rally-alive.md) | +1.1% | +4.6% |
| SOY | 2020-03-25 | [China's purchase of US soybeans spike in Jan-Feb under phase one deal](https://feedsoft.ai/events/53995-china-s-purchase-of-us-soybeans-spike-in-jan-feb-under-phase-one-deal.md) | -0.1% | -5.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/australian-dollar-gains-following-consumer-price-index-data-202510290150

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