# China buying more US beef and soybeans - Agweek | #1 source for agriculture news, farming, markets

> USDA data released April 23 showed China bought 1,400 metric tons of US beef and 272,000 tons of US soybeans, following a 198,000-ton soybean sale announced April 22. Analysts cite the phase one deal and tariff exclusions as drivers of continued purchases.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Continued flash sales of US soybeans to China add export demand and support soybean prices. Beef purchases are small but support cattle sentiment.

## Read by commodity

- SOY: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-13 | [USDA confirms sale of 1.13 million tons of soybeans to China - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61445-usda-confirms-sale-of-1-13-million-tons-of-soybeans-to-china-agweek-1-source.md) | -2.2% | -2.3% |
| SOY | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +1.5% | +0.5% |
| SOY | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +1.6% | +9.4% |
| SOY | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -1.8% | -5.4% |
| SOY | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | +0.7% | -1.7% |
| LCATTLE | 2020-01-06 | [Outlook for livestock markets improved for 2020 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/55237-outlook-for-livestock-markets-improved-for-2020-agweek-1-source-for-agriculture.md) | +1.9% | -0.5% |
| LCATTLE | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | -1.8% | -0.1% |
| LCATTLE | 2020-07-21 | [US red meat exports adding value to corn and soybeans - Brownfield Ag News](https://feedsoft.ai/events/52196-us-red-meat-exports-adding-value-to-corn-and-soybeans-brownfield-ag-news.md) | -0.5% | +6.8% |

## Sources

- agweek.com: https://www.agweek.com/business/china-buying-more-us-beef-and-soybeans

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