# Oilseeds draw strength from China’s recent market action - Manitoba Co-operator

> Canola prices held up in the week ended April 24 despite a collapse in WTI crude futures on April 20. Soybean futures gained on expectations that China would buy more US soybeans and corn.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/53246-oilseeds-draw-strength-from-china-s-recent-market-action-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Chinese purchase expectations support soybean and soymeal values, while weak crude oil pressures vegetable oil and canola sentiment.

## Read by commodity

- SOY: bullish ▲
- WTI: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-10-27 | [U.S. grains: Soy hits four-month high on hopes for China trade deal - Manitoba Co-operator](https://feedsoft.ai/events/22452-u-s-grains-soy-hits-four-month-high-on-hopes-for-china-trade-deal-manitoba-co.md) | +5.6% | +8.0% |
| SOY | 2018-08-16 | [U.S. grains: Soy climbs as U.S., China plan to restart trade talks - Manitoba Co-operator](https://feedsoft.ai/events/63566-u-s-grains-soy-climbs-as-u-s-china-plan-to-restart-trade-talks-manitoba-co.md) | +0.1% | -4.1% |
| SOY | 2017-03-01 | [U.S. grains: Wheat ends up three per cent - Manitoba Co-operator](https://feedsoft.ai/events/72050-u-s-grains-wheat-ends-up-three-per-cent-manitoba-co-operator.md) | -1.0% | -5.2% |
| SOY | 2024-11-05 | [Tariff fears trigger Chinese buying - Manitoba Co-operator](https://feedsoft.ai/events/27377-tariff-fears-trigger-chinese-buying-manitoba-co-operator.md) | +2.5% | +0.5% |
| SOY | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +4.2% | +8.4% |
| WTI | 2019-08-05 | [Oil resumes steep drop as U.S.-China trade row raises demand worries - MarketWatch](https://feedsoft.ai/events/12578-oil-resumes-steep-drop-as-u-s-china-trade-row-raises-demand-worries-marketwatch.md) | -2.2% | -1.1% |
| WTI | 2018-04-03 | [MARKET WATCH: NYMEX, Brent crude prices drop on US-China trade tensions \| Oil & Gas Journal](https://feedsoft.ai/events/10844-market-watch-nymex-brent-crude-prices-drop-on-us-china-trade-tensions-oil-and.md) | +0.6% | +8.8% |
| WTI | 2019-08-02 | [MARKET WATCH: NYMEX oil prices tumble on US-China relations \| Oil & Gas Journal](https://feedsoft.ai/events/8498-market-watch-nymex-oil-prices-tumble-on-us-china-relations-oil-and-gas-journal.md) | -2.2% | +5.5% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/oilseeds-draw-strength-from-chinas-recent-market-action/

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