# China buys first US soybeans of 2024 crop season | Agriculture Dive

> China made its first purchase of US soybeans for the 2024-25 marketing year, booking 132,000 metric tons per USDA, a far later start than the prior year. Chinese buyers have favored cheaper South American supplies, and Brazil's weaker real has encouraged faster exports.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/29284-china-buys-first-us-soybeans-of-2024-crop-season-agriculture-dive
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Delayed Chinese buying and competition from cheaper Brazilian beans weigh on US soybean export demand and prices.

## Read by commodity

- SOY: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-05 | [Soybean Prices Depend on China - Purdue Agricultural Economics](https://feedsoft.ai/events/61595-soybean-prices-depend-on-china-purdue-agricultural-economics.md) | +0.9% | -0.2% |
| SOY | 2026-03-16 | [CRMAgri - Latest - Soybeans hit limit down on US/ China trade doubts](https://feedsoft.ai/events/5796-crmagri-latest-soybeans-hit-limit-down-on-us-china-trade-doubts.md) | -4.1% | -4.0% |
| SOY | 2025-09-23 | [Exclusive: China buys Argentine soybeans after tax drop, leaving US farmers sidelined \| Reuters](https://feedsoft.ai/events/13832-exclusive-china-buys-argentine-soybeans-after-tax-drop-leaving-us-farmers.md) | -0.0% | +2.1% |
| SOY | 2018-06-16 | [China hits U.S. agriculture with retaliation](https://feedsoft.ai/events/64580-china-hits-u-s-agriculture-with-retaliation.md) | -1.2% | -8.4% |
| SOY | 2024-07-03 | [China’s 2024 US ag purchases of soybeans, corn trailing previous two years \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/14732-china-s-2024-us-ag-purchases-of-soybeans-corn-trailing-previous-two-years-an.md) | -2.0% | -11.7% |
| USDBRL | 2020-05-28 | [China securing Brazilian soy with US trade tensions rising](https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising.md) | -4.5% | +0.4% |
| USDBRL | 2020-03-20 | [Soybeans benefit from bullish South American news - Brownfield Ag News](https://feedsoft.ai/events/54188-soybeans-benefit-from-bullish-south-american-news-brownfield-ag-news.md) | -3.0% | +1.6% |
| USDBRL | 2020-04-21 | [Soybeans: Probably led lower by the energy complex - OCBC - Forex Crunch](https://feedsoft.ai/events/53674-soybeans-probably-led-lower-by-the-energy-complex-ocbc-forex-crunch.md) | +7.2% | +7.9% |

## Sources

- agriculturedive.com: https://www.agriculturedive.com/news/china-buys-us-soybeans-exports-brazil-trade-outlook/721350/

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