# Falling prices buoys China’s purchases of US soybeans | 2020-04-23  | World Grain

> Chinese importers committed to US soybean purchases after prices fell during the pandemic, with USDA reporting a 198,000-tonne sale for 2019-20 delivery on April 22. Китай has pledged 12.623 million tonnes of soybean purchases in the marketing year to date versus 12.922 million a year earlier.

- Date: 2020-04-23 · published 2020-04-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/53505-falling-prices-buoys-china-s-purchases-of-us-soybeans-2020-04-23-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower prices are drawing Chinese buyers into US soybeans, supporting US export demand. Brazilian and Argentine harvests still limit the upside.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-23 | [China purchases US grain \| 2020-03-23  \| World Grain](https://feedsoft.ai/events/54006-china-purchases-us-grain-2020-03-23-world-grain.md) | +2.2% | -4.2% |
| SOY | 2020-06-05 | [Analysts say China to continue buying US soybeans \| 2020-06-05  \| World Grain](https://feedsoft.ai/events/52605-analysts-say-china-to-continue-buying-us-soybeans-2020-06-05-world-grain.md) | -0.2% | +2.9% |
| SOY | 2020-12-22 | [China to import record amount of soybeans \| 2020-12-22  \| World Grain](https://feedsoft.ai/events/49644-china-to-import-record-amount-of-soybeans-2020-12-22-world-grain.md) | +4.2% | +10.2% |
| SOY | 2020-06-02 | [China buys U.S. soybeans after halt to U.S. purchases ordered: sources](https://feedsoft.ai/events/52462-china-buys-u-s-soybeans-after-halt-to-u-s-purchases-ordered-sources.md) | +2.9% | +3.1% |
| SOY | 2018-08-07 | [China may have to resume U.S. soybean purchases in weeks: Oil World](https://feedsoft.ai/events/63416-china-may-have-to-resume-u-s-soybean-purchases-in-weeks-oil-world.md) | -2.7% | -5.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/13593-falling-prices-buoys-chinas-purchases-of-us-soybeans

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