# China buys Brazilian soy as hurricane damage limits US exports: traders - Markets - Business Recorder

> Chinese importers bought four to six cargoes of Brazilian soybeans, up to about 360,000 tonnes, for October and November shipment. The purchases came as Hurricane Ida damage kept US Gulf export terminals constrained, and the Brazilian beans sold at $4.20 or more over CBOT November futures.

- Date: 2021-09-16 · published 2021-09-16T12:00:00.000Z
- Category: logistics · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/44957-china-buys-brazilian-soy-as-hurricane-damage-limits-us-exports-traders-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese demand shifting to Brazil at a large premium supports Brazilian soybean prices and signals tight prompt supply, which is bullish for soybeans and soybean meal. Ongoing US terminal constraints also limit the export outlet for US beans.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-23 | [Soybeans gain as South American supply falters - Markets - Business Recorder](https://feedsoft.ai/events/49494-soybeans-gain-as-south-american-supply-falters-markets-business-recorder.md) | +4.5% | +5.2% |
| SOY | 2021-08-30 | [Hurricane Ida damages Louisiana grain terminal, disrupts exports \| Reuters](https://feedsoft.ai/events/45732-hurricane-ida-damages-louisiana-grain-terminal-disrupts-exports-reuters.md) | -5.6% | -5.3% |
| SOY | 2021-09-02 | [Hurricane Ida Leaves Lower Mississippi River Largely Shut Down as Damage Reports Come In](https://feedsoft.ai/events/45093-hurricane-ida-leaves-lower-mississippi-river-largely-shut-down-as-damage.md) | -1.5% | -1.7% |
| SOY | 2022-11-02 | [Palm oil jumps nearly 5% to 12-wk highs on supply woes - Markets - Business Recorder](https://feedsoft.ai/events/8071-palm-oil-jumps-nearly-5-to-12-wk-highs-on-supply-woes-markets-business-recorder.md) | +0.6% | +2.4% |
| SOY | 2021-08-31 | [Concerns Arise for Soybean Exports Following Arrival of Hurricane Ida - Central Mo Info](https://feedsoft.ai/events/45731-concerns-arise-for-soybean-exports-following-arrival-of-hurricane-ida-central.md) | -2.8% | -2.1% |
| SBM | 2021-10-11 | [Brazil Soymeal Exports Soar As Drought Disrupts Argentina Export Route \| ESM Magazine](https://feedsoft.ai/events/44401-brazil-soymeal-exports-soar-as-drought-disrupts-argentina-export-route-esm.md) | +0.4% | +4.2% |
| SBM | 2020-07-20 | [Argentina's loss in soy oil exports due to Paraná river drought is Brazil's gain - DatamarNews](https://feedsoft.ai/events/51948-argentina-s-loss-in-soy-oil-exports-due-to-parana-river-drought-is-brazil-s.md) | +1.5% | +1.1% |
| SBM | 2020-04-22 | [Aquafeed.com \|
   

   
    Expected issues in the Brazilian soybean supply chain in a new record production year](https://feedsoft.ai/events/53491-aquafeed-com-expected-issues-in-the-brazilian-soybean-supply-chain-in-a-new.md) | -2.5% | -1.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40120715

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