# China doubles US soybean contracts ahead of November election - Nikkei Asia

> China has more than doubled its planned soybean purchases from the U.S. since August. Beijing is using purchase timing as a diplomatic tool ahead of the November U.S. election.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50987-china-doubles-us-soybean-contracts-ahead-of-november-election-nikkei-asia
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A doubling of planned purchases is a large new source of export demand that supports U.S. soybean prices. The risk of delays or cancellations makes the price support politically contingent.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-12-22 | [China’s Imports of U.S. Soybeans Climbed in November, as Biden Administration Contemplates Trade Deal Enforcement \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14968-china-s-imports-of-u-s-soybeans-climbed-in-november-as-biden-administration.md) | +3.7% | +9.0% |
| SOY | 2026-07-08 | [China makes biggest U.S. soybean purchase since November - TT](https://feedsoft.ai/events/14563-china-makes-biggest-u-s-soybean-purchase-since-november-tt.md) | +0.9% | -3.5% |
| SOY | 2026-08-01 | [China buys most U.S. soybeans since November 2025](https://feedsoft.ai/events/14565-china-buys-most-u-s-soybeans-since-november-2025.md) | -1.3% | +8.9% |
| SOY | 2019-09-12 | [Ahead of trade talks, China makes biggest US soybean purchases since June, traders say](https://feedsoft.ai/events/9439-ahead-of-trade-talks-china-makes-biggest-us-soybean-purchases-since-june.md) | +4.1% | +8.2% |
| SOY | 2024-07-23 | [Soybean and meal prices rise: US election campaign and](https://feedsoft.ai/events/12833-soybean-and-meal-prices-rise-us-election-campaign-and.md) | -5.6% | -14.4% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/politics/international-relations/us-china-tensions/china-doubles-us-soybean-contracts-ahead-of-november-election

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