# China Trade-Deal Splurge Includes Rare Purchase of U.S. Soyoil

> China bought 20,000 metric tons of U.S. soybean oil, the biggest such deal since November 2016 and a rare purchase for the top soybean importer. Soybean oil futures rose as much as 1.5% in Chicago on the news.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53232-china-trade-deal-splurge-includes-rare-purchase-of-u-s-soyoil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A rare Chinese soyoil purchase supports US soybean oil prices and is tied to Phase One trade deal commitments, which may lift demand for US oilseed products.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-03-30 | [China soy purchase rumors trigger rally](https://feedsoft.ai/events/42294-china-soy-purchase-rumors-trigger-rally.md) | +266.2% | +282.5% |
| SBO | 2024-07-02 | [Soy Oil Rallies on Prospect for Indonesia, China Trade Spat](https://feedsoft.ai/events/12747-soy-oil-rallies-on-prospect-for-indonesia-china-trade-spat.md) | +6.0% | +0.7% |
| SBO | 2019-09-01 | [The Trade War Is Creating a Windfall for Rivals of U.S. Soy in China](https://feedsoft.ai/events/57615-the-trade-war-is-creating-a-windfall-for-rivals-of-u-s-soy-in-china.md) | -1.3% | +1.2% |
| SBO | 2024-06-01 | [Soyoil Jumps on Bets US Tariffs to Include Chinese Cooking Oil](https://feedsoft.ai/events/30339-soyoil-jumps-on-bets-us-tariffs-to-include-chinese-cooking-oil.md) | -1.6% | +2.5% |
| SBO | 2022-02-18 | [Exclusive: India makes record U.S. soyoil purchases as drought parches South America](https://feedsoft.ai/events/8758-exclusive-india-makes-record-u-s-soyoil-purchases-as-drought-parches-south.md) | +7.7% | +6.0% |

## Sources

- ajot.com: https://www.ajot.com/news/china-trade-deal-splurge-includes-rare-purchase-of-u.s-soyoil

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