# US soybean demand firm on Chinese state-owned companies' purchases: sources

> Chinese state-owned companies continue buying U.S. soybeans despite weak crush margins, while private buyers have pulled back. Strong pig herd growth is boosting Chinese demand for soy-based feed, and Brazilian supplies are tight.

- Date: 2020-09-24 · published 2020-09-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50986-us-soybean-demand-firm-on-chinese-state-owned-companies-purchases-sources
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

State buying and tight Brazilian supplies support U.S. soybean futures and loading basis. Feed demand from China's hog sector keeps the outlook for soybean meal demand firm.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-06-17 | [Chinese state companies buy US soybeans as Brazilian stock dissipates: sources](https://feedsoft.ai/events/52672-chinese-state-companies-buy-us-soybeans-as-brazilian-stock-dissipates-sources.md) | +0.9% | +2.2% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SOY | 2023-10-28 | [Hebei firm inks $3 billion US soybean purchase deal - Chinadaily.com.cn](https://feedsoft.ai/events/14809-hebei-firm-inks-3-billion-us-soybean-purchase-deal-chinadaily-com-cn.md) | +2.3% | +2.5% |
| SOY | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -1.3% | +8.9% |
| SOY | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +2.8% | +4.6% |
| SBM | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -0.8% | +8.2% |
| SBM | 2019-12-10 | [China steps up US soybean purchases as trade talks drag on](https://feedsoft.ai/events/55447-china-steps-up-us-soybean-purchases-as-trade-talks-drag-on.md) | +1.6% | +0.1% |
| SBM | 2026-08-28 | [Soybean futures hit contract highs on Chinese demand By Investing.com](https://feedsoft.ai/events/17944-soybean-futures-hit-contract-highs-on-chinese-demand-by-investing-com.md) | +4.5% | +12.9% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/092420-us-soybean-demand-firm-on-chinese-state-owned-companies-purchases-sources

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