# China Steps Up US Soybean Buying With Million-Ton Purchase - TT

> State-run Chinese buyers have purchased more than 20 cargoes, over 1 million metric tons, of U.S. soybeans in two weeks, using previously issued tariff waivers. Most cargoes are for Gulf of Mexico loading, with some for later in the fall. China is accelerating soybean buying as Brazilian sales wane.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52986-china-steps-up-us-soybean-buying-with-million-ton-purchase-tt
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large, rapid buying program tightens U.S. soybean export supplies and supports soybean prices, and the shift away from Brazilian beans may lift U.S. Gulf basis.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +2.8% | +4.6% |
| SOY | 2026-01-06 | [China buys more US soybeans, total purchases approach 10 million tons \| Reuters](https://feedsoft.ai/events/14610-china-buys-more-us-soybeans-total-purchases-approach-10-million-tons-reuters.md) | -1.4% | +1.8% |
| SOY | 2019-02-02 | [China's COFCO buys million-tonne batch of U.S. soybeans](https://feedsoft.ai/events/60472-china-s-cofco-buys-million-tonne-batch-of-u-s-soybeans.md) | -0.4% | -1.6% |
| SOY | 2026-08-10 | [China Ramping Up US Soybean Purchases \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14559-china-ramping-up-us-soybean-purchases-farm-policy-news-illinois.md) | +1.5% | +11.9% |
| 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% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/china-steps-us-soybean-buying-million-ton-purchase

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