# US Soybean Prices Higher in Spite of Tariff Concerns

> July soybeans finished the week of May 17 up 9 cents at $12.28 after the U.S. announced new tariffs on Chinese goods, and China has not yet retaliated against U.S. soybean imports. Flooding in Rio Grande do Sul, Brazil, disrupted port traffic and crush operations.

- Date: 2024-05-20 · published 2024-05-20T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/30297-us-soybean-prices-higher-in-spite-of-tariff-concerns
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tariff tension raises the risk of Chinese retaliation against U.S. soybeans, while Brazilian port and crush disruptions provide some near-term support to prices.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-22 | [Grain FOB prices pushed higher by supply concerns; Soymeal lead the soy complex](https://feedsoft.ai/events/50711-grain-fob-prices-pushed-higher-by-supply-concerns-soymeal-lead-the-soy-complex.md) | -1.4% | +9.7% |
| SOY | 2026-02-05 | [China Faces Higher Prices for Further U.S. Soybean Buys to Please Trump](https://feedsoft.ai/events/14600-china-faces-higher-prices-for-further-u-s-soybean-buys-to-please-trump.md) | +2.9% | +6.5% |
| SOY | 2019-12-09 | [US hog prices jump as China offers tariff waivers
						 \| The Pig Site](https://feedsoft.ai/events/55725-us-hog-prices-jump-as-china-offers-tariff-waivers-the-pig-site.md) | +2.0% | +5.1% |
| SOY | 2018-07-27 | [Soybean Futures Close Higher on Signs of Demand](https://feedsoft.ai/events/64076-soybean-futures-close-higher-on-signs-of-demand.md) | +2.5% | -2.2% |
| SOY | 2018-05-22 | [Soy Bean Prices Soar Thanks To Tariff Tone Down](https://feedsoft.ai/events/65053-soy-bean-prices-soar-thanks-to-tariff-tone-down.md) | +0.5% | -13.3% |
| SBM | 2019-01-16 | [Soybean price stable despite tariff dispute - Chinadaily.com.cn](https://feedsoft.ai/events/61087-soybean-price-stable-despite-tariff-dispute-chinadaily-com-cn.md) | +1.2% | +0.3% |
| SBM | 2026-08-01 | [Tariffs, in the way of larger China purchases of US soybeans: market sources](https://feedsoft.ai/events/18362-tariffs-in-the-way-of-larger-china-purchases-of-us-soybeans-market-sources.md) | -0.8% | +8.2% |
| SBM | 2025-04-09 | [Wave of US soybeans set to reach China's shores despite tariffs](https://feedsoft.ai/events/14668-wave-of-us-soybeans-set-to-reach-china-s-shores-despite-tariffs.md) | +1.4% | -1.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2024/05/20/us-soybean-prices-higher-spite

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