# China snaps up Brazil soybeans on urgent demand, tight US supply - Fastmarkets

> Chinese soybean importers have turned to Brazil for October shipment cargoes because US Gulf and Pacific Northwest supply is short. Six Brazilian cargoes were booked at record premiums of 417 to 425 cents a bushel over November futures. The buying follows Hurricane Ida's disruption of US Gulf exports.

- Date: 2021-09-14 · published 2021-09-14T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/45119-china-snaps-up-brazil-soybeans-on-urgent-demand-tight-us-supply-fastmarkets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese demand shifting to Brazil at record premiums signals tight prompt supply outside Brazil and supports Brazilian soybean prices. It also shows US export competitiveness is impaired during the harvest season.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-19 | [Freight rates rebound on stronger Chinese soybean demand - Fastmarkets](https://feedsoft.ai/events/35234-freight-rates-rebound-on-stronger-chinese-soybean-demand-fastmarkets.md) | +1.6% | -11.3% |
| 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 | 2026-09-12 | [Argentina soybean sales speed up as prices rise on China demand, US crop concerns - Markets - Business Recorder](https://feedsoft.ai/events/13779-argentina-soybean-sales-speed-up-as-prices-rise-on-china-demand-us-crop.md) | +1.8% | +0.9% |
| SOY | 2022-10-25 | [Tight soybean supply weighs on demand recovery in China amid surging crush margin \| World Ports Organization](https://feedsoft.ai/events/39165-tight-soybean-supply-weighs-on-demand-recovery-in-china-amid-surging-crush.md) | +2.6% | +4.7% |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-snaps-up-brazil-soybeans-on-urgent-demand-tight-us-supply/

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