# Soybean Deal Signals China’s Early Jump Into 2021 U.S. Market - Caixin Global

> China bought 126,000 metric tons of US soybeans for shipment after Sept. 1, the earliest forward purchase since 2016, according to USDA data. Dry weather in South America has threatened yields and may limit supplies from the February harvest.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/49684-soybean-deal-signals-china-s-early-jump-into-2021-u-s-market-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Early Chinese buying for the 2021 crop signals firm import demand and tighter South American supply, supporting US soybean prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-31 | [In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global](https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global.md) | -0.1% | -3.7% |
| SOY | 2020-01-15 | [China to significantly increase U.S. soybean imports after Phase 1 deal: Global Times](https://feedsoft.ai/events/54942-china-to-significantly-increase-u-s-soybean-imports-after-phase-1-deal-global.md) | -1.6% | -3.9% |
| SOY | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.5% | +5.2% |
| SOY | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +1.3% | +3.6% |
| SOY | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +0.3% | +5.4% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-12-11/soybean-deal-signals-chinas-early-jump-into-2021-us-market-101638121.html

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