# Reshuffling in Soybean Markets following Chinese Tariffs
        
        
        
        - Federal Reserve Bank of Kansas City

> A Federal Reserve Bank of Kansas City analysis finds that US soybean exports fell 21% and 14% below the previous five-year average in 2018 and 2019 after Chinese tariffs were imposed. Some exports were reshuffled to other buyers. The author warns tariffs could expand foreign supply and reduce long-term US competitiveness.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52465-reshuffling-in-soybean-markets-following-chinese-tariffs-federal-reserve-bank
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lasting loss of Chinese demand and expanded competing supply from Brazil and others weigh on the long-term US soybean price outlook and export share. The study is background rather than a new market shock.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | -2.2% | -1.8% |
| SOY | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.3% | +0.0% |
| SOY | 2025-02-11 | [Markets turn red following USDA’s February WASDE surprises \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25990-markets-turn-red-following-usda-s-february-wasde-surprises-an-official.md) | -1.0% | -4.9% |
| SOY | 2023-08-29 | [Soybeans fall after data shows US crop less damaged than feared - Markets - Business Recorder](https://feedsoft.ai/events/34582-soybeans-fall-after-data-shows-us-crop-less-damaged-than-feared-markets.md) | -3.3% | -6.6% |
| SOY | 2024-05-16 | [Global soybean supply to increase in marketing year 2024/25 \| Feed & Grain](https://feedsoft.ai/events/30322-global-soybean-supply-to-increase-in-marketing-year-2024-25-feed-and-grain.md) | +2.7% | -2.0% |
| SBM | 2023-03-09 | [Soybean oil market waiting on EPA \| Baking Business](https://feedsoft.ai/events/15323-soybean-oil-market-waiting-on-epa-baking-business.md) | -3.6% | -9.1% |
| SBM | 2020-08-12 | [Corn, soybeans rise after USDA confirms massive US crops - Markets - Business Recorder](https://feedsoft.ai/events/51546-corn-soybeans-rise-after-usda-confirms-massive-us-crops-markets-business.md) | +5.0% | +10.2% |
| SBM | 2020-08-11 | [CBOT soybeans end near unchanged ahead of US crop report - Markets - Business Recorder](https://feedsoft.ai/events/10683-cbot-soybeans-end-near-unchanged-ahead-of-us-crop-report-markets-business.md) | +5.7% | +8.9% |

## Sources

- kansascityfed.org: https://www.kansascityfed.org/research/economic-review/v105n1-cowley-reshuffling-soybean-markets-2020/

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