# China ramps up US soy purchases on good prices | 2020-07-22  | Agri-Pulse Communications, Inc.

> USDA announced sales of 715,000 metric tons of US soybeans to China on July 22, with 649,000 tons scheduled for 2020-21 delivery. This followed smaller Chinese purchases of new crop soybeans announced on the two previous days. US Pacific Northwest soybeans were quoted about $6 per ton cheaper than Brazilian beans.

- Date: 2020-07-22 · published 2020-07-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52160-china-ramps-up-us-soy-purchases-on-good-prices-2020-07-22-agri-pulse
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large new-crop purchases by China support US soybean prices and export demand for the coming marketing year. Competitive US pricing versus Brazil may keep Chinese buying active.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-10 | [China soy-buying binge from US continues \| 2020-08-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51599-china-soy-buying-binge-from-us-continues-2020-08-10-agri-pulse-communications.md) | +3.8% | +11.4% |
| SOY | 2020-07-17 | [Daybreak July 17: China maintains swift pace of ag purchases \| 2020-07-17  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51982-daybreak-july-17-china-maintains-swift-pace-of-ag-purchases-2020-07-17-agri.md) | +1.4% | +1.5% |
| 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 | 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 | 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 | 2020-08-10 | [China soy-buying binge from US continues \| 2020-08-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/51599-china-soy-buying-binge-from-us-continues-2020-08-10-agri-pulse-communications.md) | +3.5% | +10.6% |
| 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 | 2019-12-10 | [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% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/14118-china-ramps-up-us-soy-purchases-on-good-prices

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