# China securing Brazilian soy with US trade tensions rising

> China purchased more than 10 soybean cargoes from Brazil in the week to May 28, according to people familiar with the matter, while state-run buyers were absent from the US market on Wednesday. US Secretary of State Pompeo said the US could no longer certify Hong Kong's autonomy, and China's purchases of US farm goods are running well behind its 2020 pledge.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Heavy Chinese buying of Brazilian beans and the risk of retaliation over Hong Kong shift demand away from US soybeans, weighing on US prices and supporting Brazilian premiums.

## Read by commodity

- SOY: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SOY | 2025-07-21 | [INFOGRAPHIC: US-China tariff tensions accelerate shift to Brazilian soybeans](https://feedsoft.ai/events/14647-infographic-us-china-tariff-tensions-accelerate-shift-to-brazilian-soybeans.md) | -2.8% | -0.5% |
| SOY | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | +0.3% | +4.7% |
| SOY | 2025-07-14 | [US soybean exports to China at risk amid lingering trade tensions: WTO official \| World Ports Organization](https://feedsoft.ai/events/14651-us-soybean-exports-to-china-at-risk-amid-lingering-trade-tensions-wto-official.md) | +2.4% | -3.7% |
| SOY | 2019-06-28 | [US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn](https://feedsoft.ai/events/58439-us-china-trade-tensions-hurt-argentine-soybean-exports-chinadaily-com-cn.md) | -1.7% | -0.5% |
| USDBRL | 2019-10-18 | [After trade talks in U.S., China ramps up Brazilian soy purchases](https://feedsoft.ai/events/56428-after-trade-talks-in-u-s-china-ramps-up-brazilian-soy-purchases.md) | -3.6% | +0.9% |
| USDBRL | 2019-08-26 | [USA vs China: Latin American currencies suffer with the trade war - LatinAmerican Post](https://feedsoft.ai/events/57817-usa-vs-china-latin-american-currencies-suffer-with-the-trade-war-latinamerican.md) | +0.3% | +1.6% |
| USDBRL | 2021-09-01 | [Brazil soy farmers hoard crops, betting prices will rise](https://feedsoft.ai/events/45117-brazil-soy-farmers-hoard-crops-betting-prices-will-rise.md) | +2.8% | +5.2% |

## Sources

- ajot.com: https://www.ajot.com/news/china-securing-brazilian-soy-with-u.s-trade-tensions-rising

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