# U.S. Soybean Prices Crumble as Trade War Sparks Brazil Rally - Pork Business

> U.S. soybean cash prices fell to about $7.79 a bushel, the lowest in almost a decade, while Brazilian export premiums widened to $2.21 over Chicago futures for August shipment, the highest since 2014. China's tariffs on U.S. farm goods took effect after new U.S. duties and further trade threats. Brazil's premiums have more than tripled since May.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/50180-u-s-soybean-prices-crumble-as-trade-war-sparks-brazil-rally-pork-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The widening gap shifts Chinese buying toward Brazilian supply, reducing U.S. export demand and pressuring U.S. soybean prices while supporting Brazilian values for feed buyers.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-27 | [As trade war crushes China's soybean mills, U.S. rivals make hay](https://feedsoft.ai/events/61545-as-trade-war-crushes-china-s-soybean-mills-u-s-rivals-make-hay.md) | +3.5% | +6.4% |
| SOY | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | +2.4% | +1.4% |
| SOY | 2023-08-20 | [China July soybean imports from US tumble, Brazil shipments surge - Markets - Business Recorder](https://feedsoft.ai/events/14821-china-july-soybean-imports-from-us-tumble-brazil-shipments-surge-markets.md) | +1.3% | -3.4% |
| SOY | 2018-06-20 | [China trade war could permanently scar U.S. soybean market: Braun](https://feedsoft.ai/events/64568-china-trade-war-could-permanently-scar-u-s-soybean-market-braun.md) | -2.4% | -5.3% |
| SOY | 2019-12-05 | [Soybeans take the slow boat to China as trade war rumbles on - Splash247](https://feedsoft.ai/events/55468-soybeans-take-the-slow-boat-to-china-as-trade-war-rumbles-on-splash247.md) | +1.8% | +6.0% |
| SBM | 2025-12-08 | [China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce](https://feedsoft.ai/events/21532-china-set-for-record-2025-soybean-imports-on-brazil-buys-u-s-trade-truce.md) | -1.5% | -3.0% |
| SBM | 2019-10-30 | [Soybean Prices are a Proxy for How the Trade War is Going - Global Trade Magazine](https://feedsoft.ai/events/56614-soybean-prices-are-a-proxy-for-how-the-trade-war-is-going-global-trade-magazine.md) | -0.1% | -2.7% |
| SBM | 2018-11-22 | [Trump's China trade war forces U.S. soybeans to take costly detour](https://feedsoft.ai/events/62091-trump-s-china-trade-war-forces-u-s-soybeans-to-take-costly-detour.md) | +0.1% | -0.3% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/ag-policy/u-s-soybean-prices-crumble-trade-war-sparks-brazil-rally

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