# U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews

> CBOT soybeans fell on May 1 as renewed US-China trade tensions overshadowed USDA confirmed sales of 264,000 tonnes to China. President Trump said the Phase One deal was secondary to the coronavirus response and threatened new tariffs on Beijing, while corn and wheat also declined.

- Date: 2020-05-02 · published 2020-05-02T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Threats to the Phase One deal raise the risk that Chinese purchases of US oilseeds and grains will slow, pressuring soybean and corn prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-08 | [U.S.-China trade tensions press CBOT soybeans - Xinhua \| English.news.cn](https://feedsoft.ai/events/7885-u-s-china-trade-tensions-press-cbot-soybeans-xinhua-english-news-cn.md) | +1.1% | -0.1% |
| SOY | 2025-03-04 | [U.S. grains: Corn, wheat, soy futures slide as trade tensions flare](https://feedsoft.ai/events/8145-u-s-grains-corn-wheat-soy-futures-slide-as-trade-tensions-flare.md) | +0.2% | +1.7% |
| SOY | 2020-07-21 | [U.S. grains: Soybeans trim back on improved crop conditions - Grainews](https://feedsoft.ai/events/6210-u-s-grains-soybeans-trim-back-on-improved-crop-conditions-grainews.md) | +0.4% | +1.1% |
| SOY | 2020-05-28 | [China securing Brazilian soy with US trade tensions rising](https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising.md) | +1.1% | +2.6% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |
| CORN | 2018-05-08 | [U.S.-China trade tensions press CBOT soybeans - Xinhua \| English.news.cn](https://feedsoft.ai/events/7885-u-s-china-trade-tensions-press-cbot-soybeans-xinhua-english-news-cn.md) | -0.9% | -1.9% |
| CORN | 2025-03-04 | [U.S. grains: Corn, wheat, soy futures slide as trade tensions flare](https://feedsoft.ai/events/8145-u-s-grains-corn-wheat-soy-futures-slide-as-trade-tensions-flare.md) | +3.2% | +4.7% |
| CORN | 2020-07-21 | [U.S. grains: Soybeans trim back on improved crop conditions - Grainews](https://feedsoft.ai/events/6210-u-s-grains-soybeans-trim-back-on-improved-crop-conditions-grainews.md) | -0.3% | +2.6% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china/

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