# Chinese demand boosts soybean price outlook - Brownfield Ag News

> Iowa State economist Chad Hart says recent Chinese buying of US soybeans is improving the price outlook. USDA projects US soybean exports rising from 1.7 billion bushels to more than 1.8 billion in the next marketing year.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/29786-chinese-demand-boosts-soybean-price-outlook-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Renewed Chinese purchasing and higher projected exports support US soybean prices and tighten supplies available for meal production.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-10-27 | [Demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/9242-demand-supports-soybeans-corn-brownfield-ag-news.md) | -3.3% | +3.6% |
| SOY | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -1.2% | +1.6% |
| SOY | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -5.5% |
| SOY | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +5.7% | +11.9% |
| SOY | 2020-09-19 | [Soybeans, corn, wheat extend demand driven rally - Brownfield Ag News](https://feedsoft.ai/events/12154-soybeans-corn-wheat-extend-demand-driven-rally-brownfield-ag-news.md) | -3.9% | +0.6% |
| SBM | 2017-09-22 | [Solid demand supports soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/68987-solid-demand-supports-soybeans-corn-brownfield-ag-news.md) | -0.7% | +4.0% |
| SBM | 2016-06-17 | [Weather, demand support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/10753-weather-demand-support-soybeans-corn-brownfield-ag-news.md) | -3.6% | -7.1% |
| SBM | 2022-01-31 | [Soybeans up on export demand, supply concerns - Brownfield Ag News](https://feedsoft.ai/events/43182-soybeans-up-on-export-demand-supply-concerns-brownfield-ag-news.md) | +7.3% | +8.6% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/chinese-demand-boosts-soybean-price-outlook/

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