# Soybean Retreats From Two-Week High on US-China Trade Concerns

> Soybean futures retreated from two-week highs on May 28 as US-China tensions over trade and Hong Kong grew. China continued to buy Brazilian beans, with 5.939 million tons imported in April, and analysts expect Beijing to import about nine million tons a month from Brazil until July.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53165-soybean-retreats-from-two-week-high-on-us-china-trade-concerns
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

China's shift toward Brazilian supply reduces its reliance on US beans, which caps US soybean demand and pressures prices, though the market is still down over 11% year to date.

## Read by commodity

- SOY: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-30 | [CBOT soybeans hit two-week low on US-China trade war concerns](https://feedsoft.ai/events/25128-cbot-soybeans-hit-two-week-low-on-us-china-trade-war-concerns.md) | -0.6% | +0.7% |
| SOY | 2018-10-22 | [Damaged soybean crop hits farmers reeling from U.S.-China trade war \| Farmtario](https://feedsoft.ai/events/62590-damaged-soybean-crop-hits-farmers-reeling-from-u-s-china-trade-war-farmtario.md) | -1.4% | +4.1% |
| SOY | 2026-03-16 | [CRMAgri - Latest - Soybeans hit limit down on US/ China trade doubts](https://feedsoft.ai/events/5796-crmagri-latest-soybeans-hit-limit-down-on-us-china-trade-doubts.md) | -4.1% | -4.0% |
| SOY | 2025-08-07 | [China soybean imports hit record July high on strong Brazil exports, US trade uncertainties \| Reuters](https://feedsoft.ai/events/12452-china-soybean-imports-hit-record-july-high-on-strong-brazil-exports-us-trade.md) | +6.4% | +5.3% |
| SOY | 2025-01-06 | [Potential impacts of US-China trade war 2.0 on soybeans - Rabobank](https://feedsoft.ai/events/14693-potential-impacts-of-us-china-trade-war-2-0-on-soybeans-rabobank.md) | +3.3% | +7.9% |
| USDBRL | 2018-01-16 | [For US Soybean Growers, Trade War Is Here](https://feedsoft.ai/events/66856-for-us-soybean-growers-trade-war-is-here.md) | -0.4% | +2.4% |
| USDBRL | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | -4.8% | -9.7% |
| USDBRL | 2019-05-13 | [Chinas Trade Retaliation Has USDCNH Bulls Eyeing DecadePlus Highs Near 700](https://feedsoft.ai/events/8443-chinas-trade-retaliation-has-usdcnh-bulls-eyeing-decadeplus-highs-near-700.md) | +3.3% | -2.3% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/soybean-retreats-from-two-week-high-on-us-china-trade-concerns/

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