# ExportPlanning - A record year for US Soybeans - ExportPlanning

> ExportPlanning reports that U.S. agricultural exports to China reached nearly $25 billion in 2020, about 75% of the $33.4 billion target, with soybeans the largest component. China takes roughly half of U.S. soybean exports, mainly for animal feed.

- Date: 2021-03-04 · published 2021-03-04T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/47971-exportplanning-a-record-year-for-us-soybeans-exportplanning
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy dependence on Chinese soybean demand means any shortfall in purchases would pressure U.S. soybean and meal prices, while continued buying supports them.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-02-20 | [U.S. soybean exports in prime spot for China buys - Morning Ag Clips](https://feedsoft.ai/events/66494-u-s-soybean-exports-in-prime-spot-for-china-buys-morning-ag-clips.md) | +1.2% | +0.1% |
| SOY | 2024-10-22 | [US exporters race to ship soybeans as looming election stokes tariff worries](https://feedsoft.ai/events/6848-us-exporters-race-to-ship-soybeans-as-looming-election-stokes-tariff-worries.md) | -0.7% | +2.9% |
| SOY | 2024-08-29 | [To Crush or Not to Crush? - U.S. Soybean Export Council](https://feedsoft.ai/events/28887-to-crush-or-not-to-crush-u-s-soybean-export-council.md) | +5.2% | +8.6% |
| SOY | 2026-04-20 | [China's US soybean imports recover in March but lag year-earlier levels \| MarketScreener Saudi Arabia](https://feedsoft.ai/events/14584-china-s-us-soybean-imports-recover-in-march-but-lag-year-earlier-levels.md) | -0.3% | +0.8% |
| SOY | 2021-11-03 | [Argentina: Soybean exports in 2020/21 reached 33.1](https://feedsoft.ai/events/14073-argentina-soybean-exports-in-2020-21-reached-33-1.md) | -3.6% | -1.3% |
| SBM | 2021-08-27 | [Soy exports on pace for record year](https://feedsoft.ai/events/45649-soy-exports-on-pace-for-record-year.md) | -4.3% | -3.3% |
| SBM | 2021-06-11 | [2021 Soybeans – to crush or export?](https://feedsoft.ai/events/46671-2021-soybeans-to-crush-or-export.md) | -4.8% | -5.6% |
| SBM | 2018-12-03 | [Trump’s trade war sees US soybean exports heading south](https://feedsoft.ai/events/61762-trump-s-trade-war-sees-us-soybean-exports-heading-south.md) | -0.1% | +0.9% |

## Sources

- exportplanning.com: https://www.exportplanning.com/magazine-us/article/2021/03/04/a-record-year-for-us-soybeans/

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