# Soybean Prices in the Pacific Northwest are Competitive | Red River Farm Network

> Soybean prices out of the Pacific Northwest are the most competitive right now, according to E-Hedger analyst Ryland Textor. Sales to China are picking up. A China purchase at these prices would be a good bargain for buyers.

- Date: 2020-04-23 · published 2020-04-23T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/53676-soybean-prices-in-the-pacific-northwest-are-competitive-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Pickup in Chinese buying from the Pacific Northwest supports US soybean export demand and prices. Competitive PNW prices make the region attractive for Asian buyers.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +5.5% | +2.2% |
| SOY | 2020-08-13 | [Soybean Demand Offers Hope for the Market \| Red River Farm Network](https://feedsoft.ai/events/11345-soybean-demand-offers-hope-for-the-market-red-river-farm-network.md) | +2.5% | +10.6% |
| SOY | 2020-12-17 | [Soybean Demand Stays Strong \| Red River Farm Network](https://feedsoft.ai/events/49683-soybean-demand-stays-strong-red-river-farm-network.md) | +6.3% | +19.7% |
| SOY | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +2.2% | +2.0% |
| SOY | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | -1.1% | +3.9% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/04/23/soybean-prices-in-the-pacific-northwest-are-competitive/

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