# China soybean buying picks up after fall in CME futures, slow farmer selling - Fastmarkets

> Chinese buyers purchased at least twelve cargoes of new-crop Brazilian soybeans from November 15 to 17, with premiums rising steadily over CME March futures. Brazilian farmers were slow to sell because of crop concerns, and CME soybean futures had fallen on wetter Brazilian weather.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/33227-china-soybean-buying-picks-up-after-fall-in-cme-futures-slow-farmer-selling
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese demand for Brazilian beans, combined with slow farmer selling, supports physical soybean premiums even as futures decline. Buyers will likely keep paying up for prompt Brazilian supply while crop uncertainty persists.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-26 | [China’s Soybean Buying Picks Up, But a Tariff Wall Still Blocks Full Trade Recovery](https://feedsoft.ai/events/14538-china-s-soybean-buying-picks-up-but-a-tariff-wall-still-blocks-full-trade.md) | -1.5% | — |
| SOY | 2019-10-03 | [Soybean Futures Bounce Back After China Restarts Purchases](https://feedsoft.ai/events/56615-soybean-futures-bounce-back-after-china-restarts-purchases.md) | +1.1% | +0.2% |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2025-10-30 | [China's soybean buying promises welcomed, but soaring costs worry farmers \| AP News](https://feedsoft.ai/events/14627-china-s-soybean-buying-promises-welcomed-but-soaring-costs-worry-farmers-ap-news.md) | +3.7% | +4.7% |
| SOY | 2021-10-05 | [China’s buying — and U.S. farms cashing in](https://feedsoft.ai/events/44412-china-s-buying-and-u-s-farms-cashing-in.md) | -0.6% | +0.1% |
| SBM | 2026-10-26 | [China’s Soybean Buying Picks Up, But a Tariff Wall Still Blocks Full Trade Recovery](https://feedsoft.ai/events/14538-china-s-soybean-buying-picks-up-but-a-tariff-wall-still-blocks-full-trade.md) | -3.6% | — |
| SBM | 2021-12-02 | [China buys Brazilian and North American soybeans after falling prices - DatamarNews](https://feedsoft.ai/events/43636-china-buys-brazilian-and-north-american-soybeans-after-falling-prices.md) | +2.0% | +13.8% |
| SBM | 2025-11-21 | [China's largest US soybean buy in 2 years buoys prices, triggers sales by struggling farmers \| Reuters](https://feedsoft.ai/events/21979-china-s-largest-us-soybean-buy-in-2-years-buoys-prices-triggers-sales-by.md) | -0.8% | -5.5% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-soybean-buying-picks-up-after-fall-in-cme-futures-slow-farmer-selling/

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