# China soy-buying binge from US continues | 2020-08-10  | Agri-Pulse Communications, Inc.

> Chinese buyers contracted 588,000 metric tons of U.S. soybeans for 2020-21 delivery in a USDA daily export sale report, following several large new-crop purchases earlier that week. Analysts expect China could buy up to 30 million tons of U.S. soybeans over the final four months of the year.

- Date: 2020-08-10 · published 2020-08-10T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/51599-china-soy-buying-binge-from-us-continues-2020-08-10-agri-pulse-communications
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large new-crop export sales to China tighten U.S. soybean supplies and support soybean and meal prices, especially while Brazil supplies run tight.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-08-16 | 1 | +3.0% | 3.4 | Large Chinese new-crop soybean purchases and expectations of up to 30 million tons raise crush demand and support soymeal futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-22 | [China ramps up US soy purchases on good prices \| 2020-07-22  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52160-china-ramps-up-us-soy-purchases-on-good-prices-2020-07-22-agri-pulse.md) | +0.0% | +1.7% |
| SOY | 2021-06-30 | [China signals another strong year of importing US soy \| 2021-06-29  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/46615-china-signals-another-strong-year-of-importing-us-soy-2021-06-29-agri-pulse.md) | +2.0% | +5.3% |
| SOY | 2020-01-15 | [China deal to open flood gates for US ag trade \| 2020-01-15  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55159-china-deal-to-open-flood-gates-for-us-ag-trade-2020-01-15-agri-pulse.md) | -1.6% | -3.9% |
| SOY | 2020-02-25 | [US: China lifts some trade barriers in phase one \| 2020-02-25  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54479-us-china-lifts-some-trade-barriers-in-phase-one-2020-02-25-agri-pulse.md) | +1.9% | +1.1% |
| SOY | 2022-06-08 | [Yellen critical of US tariffs on China \| 2022-06-08 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14923-yellen-critical-of-us-tariffs-on-china-2022-06-08-agri-pulse-communications-inc.md) | -1.7% | -7.9% |
| SBM | 2020-07-22 | [China ramps up US soy purchases on good prices \| 2020-07-22  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52160-china-ramps-up-us-soy-purchases-on-good-prices-2020-07-22-agri-pulse.md) | +1.2% | +3.7% |
| SBM | 2021-06-30 | [China signals another strong year of importing US soy \| 2021-06-29  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/46615-china-signals-another-strong-year-of-importing-us-soy-2021-06-29-agri-pulse.md) | +1.8% | +2.3% |
| SBM | 2019-02-25 | [China commits to buying additional US soybeans and possibly more](https://feedsoft.ai/events/60476-china-commits-to-buying-additional-us-soybeans-and-possibly-more.md) | -0.8% | +3.1% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/14230-china-soy-buying-binge-from-us-continues

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