# Soybeans down, despite demand from China - Brownfield Ag News

> Soybeans were modestly lower on fund and technical selling on May 14, even as China bought 198,000 tons of mostly old-crop US beans and 20,000 tons of soybean oil. Beijing reportedly wants to renegotiate the Phase One agreement, which Washington has refused, and Brazil and Paraguay planned to release Parana River water to aid Argentine shipments.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53164-soybeans-down-despite-demand-from-china-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese purchases support US soy demand, but the reported push to renegotiate Phase One adds uncertainty that limits upside for soybeans and soybean oil.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | +0.4% | -2.5% |
| SOY | 2023-10-02 | [Sorghum, soybean export inspections up on week - Brownfield Ag News](https://feedsoft.ai/events/33685-sorghum-soybean-export-inspections-up-on-week-brownfield-ag-news.md) | -0.7% | +1.7% |
| SOY | 2026-05-21 | [China demand still a big driver for Canadian canola, soybeans](https://feedsoft.ai/events/19210-china-demand-still-a-big-driver-for-canadian-canola-soybeans.md) | +0.0% | -6.3% |
| SOY | 2019-04-29 | [Corn firm, but below day's highs - Brownfield Ag News](https://feedsoft.ai/events/10960-corn-firm-but-below-day-s-highs-brownfield-ag-news.md) | -2.8% | -2.8% |
| SOY | 2021-08-24 | [China’s "Phase One" trade commitments expire soon, then what? - Brownfield Ag News](https://feedsoft.ai/events/45415-china-s-phase-one-trade-commitments-expire-soon-then-what-brownfield-ag-news.md) | +0.8% | -1.5% |
| SBO | 2018-07-31 | [Soybeans surge on weather, talks with China - Brownfield Ag News](https://feedsoft.ai/events/64054-soybeans-surge-on-weather-talks-with-china-brownfield-ag-news.md) | -0.1% | +0.2% |
| SBO | 2017-03-22 | [Soybeans mostly lower, corn down, watching South America - Brownfield Ag News](https://feedsoft.ai/events/10726-soybeans-mostly-lower-corn-down-watching-south-america-brownfield-ag-news.md) | -2.0% | -4.7% |
| SBO | 2021-01-26 | [Rally continues for soybeans, corn, wheat - Brownfield Ag News](https://feedsoft.ai/events/4062-rally-continues-for-soybeans-corn-wheat-brownfield-ag-news.md) | +5.4% | +12.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybeans-down-despite-demand-from-china-2/

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