# China signals another strong year of importing US soy | 2021-06-29  | Agri-Pulse Communications, Inc.

> China bought at least 798,000 metric tons of U.S. new-crop soybeans for 2021-22 delivery in the past week, following several USDA flash sales including 336,000 tons to China and additional sales to unknown destinations. Analysts expect China to continue buying U.S. soy even as Brazilian cargoes arrive.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/46615-china-signals-another-strong-year-of-importing-us-soy-2021-06-29-agri-pulse
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sustained Chinese purchases of new-crop U.S. soybeans support export demand and soybean prices, and could tighten U.S. supplies available for domestic crushing and meal.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2021-06-29 | 1 | +6.1% | 4.5 | Large Chinese new-crop US soybean purchases signal strong export demand, supporting soybean and meal futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-06-08 | [Yellen critical of US tariffs on China \| 2022-06-08 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14923-yellen-critical-of-us-tariffs-on-china-2022-06-08-agri-pulse-communications-inc.md) | -1.7% | -7.9% |
| SOY | 2020-08-10 | [China soy-buying binge from US continues \| 2020-08-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51599-china-soy-buying-binge-from-us-continues-2020-08-10-agri-pulse-communications.md) | +3.8% | +11.4% |
| SOY | 2020-12-31 | [China heads to end of 2020 with big imports of US soy, wheat, sorghum and corn \| 2020-12-31  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/49499-china-heads-to-end-of-2020-with-big-imports-of-us-soy-wheat-sorghum-and-corn.md) | +4.4% | +5.1% |
| SOY | 2020-07-22 | [China ramps up US soy purchases on good prices \| 2020-07-22  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52160-china-ramps-up-us-soy-purchases-on-good-prices-2020-07-22-agri-pulse.md) | +0.0% | +1.7% |
| SOY | 2021-05-19 | [China races to modernize pork production, pushing up corn and soy demand \| 2021-05-18  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/46956-china-races-to-modernize-pork-production-pushing-up-corn-and-soy-demand-2021-05.md) | -4.0% | -8.0% |
| SBM | 2020-08-10 | [China soy-buying binge from US continues \| 2020-08-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51599-china-soy-buying-binge-from-us-continues-2020-08-10-agri-pulse-communications.md) | +3.5% | +10.6% |
| SBM | 2020-07-22 | [China ramps up US soy purchases on good prices \| 2020-07-22  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52160-china-ramps-up-us-soy-purchases-on-good-prices-2020-07-22-agri-pulse.md) | +1.2% | +3.7% |
| SBM | 2019-09-01 | [The Trade War Is Creating a Windfall for Rivals of U.S. Soy in China](https://feedsoft.ai/events/57615-the-trade-war-is-creating-a-windfall-for-rivals-of-u-s-soy-in-china.md) | -0.3% | +2.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/16110-china-signals-another-strong-year-of-importing-us-soy

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