# China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg

> People familiar with the matter say China is set to buy about 40 million tons of US soybeans in 2020, a record and roughly 25% above 2017 levels under the phase-one trade deal. Soy futures in Chicago climbed to a seven-month high on the report. Lower prices are helping China boost purchases.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/51649-china-said-to-expect-record-u-s-soybean-purchases-this-year-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record Chinese import program would absorb a large share of US supply and support soybean and meal prices, tightening availability for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-08-27 | 5 | +5.5% | 2.9 | The Bloomberg report that China expects record US soybean purchases of about 40 million tons lifted Chicago futures to a seven-month high on Aug 26. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-07-24 | [China Approves Tariff-Free U.S. Soybean Purchases as Goodwill - Bloomberg](https://feedsoft.ai/events/57946-china-approves-tariff-free-u-s-soybean-purchases-as-goodwill-bloomberg.md) | -0.8% | -3.4% |
| SOY | 2025-11-17 | [Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg](https://feedsoft.ai/events/7887-soybean-futures-rebound-on-signs-china-is-ramping-up-purchases-bloomberg.md) | +1.1% | -3.7% |
| SOY | 2020-07-14 | [China books record U.S. corn purchase, also buys soybeans \| Reuters](https://feedsoft.ai/events/51978-china-books-record-u-s-corn-purchase-also-buys-soybeans-reuters.md) | +3.0% | +0.0% |
| SOY | 2020-06-02 | [China buys U.S. soybeans after halt to U.S. purchases ordered: sources](https://feedsoft.ai/events/52462-china-buys-u-s-soybeans-after-halt-to-u-s-purchases-ordered-sources.md) | +2.9% | +3.1% |
| SOY | 2018-08-07 | [China may have to resume U.S. soybean purchases in weeks: Oil World](https://feedsoft.ai/events/63416-china-may-have-to-resume-u-s-soybean-purchases-in-weeks-oil-world.md) | -2.7% | -5.2% |
| SBM | 2025-11-17 | [Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg](https://feedsoft.ai/events/7887-soybean-futures-rebound-on-signs-china-is-ramping-up-purchases-bloomberg.md) | -1.7% | -5.9% |
| SBM | 2018-08-07 | [China may have to resume U.S. soybean purchases in weeks: Oil World](https://feedsoft.ai/events/63416-china-may-have-to-resume-u-s-soybean-purchases-in-weeks-oil-world.md) | -0.7% | -6.6% |
| SBM | 2019-01-01 | [Exclusive: China makes first big U.S. soybean purchase since Trump-Xi truce By Reuters](https://feedsoft.ai/events/61592-exclusive-china-makes-first-big-u-s-soybean-purchase-since-trump-xi-truce-by.md) | +3.7% | +1.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-08-26/cheap-american-soybeans-set-to-lure-record-chinese-purchases

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