# China to significantly increase U.S. soybean imports after Phase 1 deal: Global Times

> Global Times reported that China will significantly increase US soybean imports after the Phase 1 deal is signed, citing a senior Chinese economist at a state think tank. The report is based on comments rather than an official purchase schedule.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/54942-china-to-significantly-increase-u-s-soybean-imports-after-phase-1-deal-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected higher Chinese demand for US soybeans supports US soybean prices and export flows, though the lack of firm commitments limits near-term price impact.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-11-02 | [USDA: China’s soybean imports, feed use expected to increase](https://feedsoft.ai/events/73840-usda-china-s-soybean-imports-feed-use-expected-to-increase.md) | +1.8% | +4.6% |
| SOY | 2026-05-14 | [Trump asks China to increase imports of US farm, food commodities \| S&P Global](https://feedsoft.ai/events/14581-trump-asks-china-to-increase-imports-of-us-farm-food-commodities-s-and-p-global.md) | -1.3% | -8.2% |
| SOY | 2020-12-11 | [Soybean Deal Signals China’s Early Jump Into 2021 U.S. Market - Caixin Global](https://feedsoft.ai/events/49684-soybean-deal-signals-china-s-early-jump-into-2021-u-s-market-caixin-global.md) | +4.2% | +19.2% |
| SOY | 2020-08-27 | [China's soybean imports will keep increasing - Chinadaily.com.cn](https://feedsoft.ai/events/51481-china-s-soybean-imports-will-keep-increasing-chinadaily-com-cn.md) | +4.7% | +8.8% |
| SOY | 2023-01-17 | [China’s December soybean imports jump](https://feedsoft.ai/events/37768-china-s-december-soybean-imports-jump.md) | -3.1% | +0.3% |
| SBM | 2016-11-02 | [USDA: China’s soybean imports, feed use expected to increase](https://feedsoft.ai/events/73840-usda-china-s-soybean-imports-feed-use-expected-to-increase.md) | +2.0% | +0.5% |
| SBM | 2020-12-23 | [China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global](https://feedsoft.ai/events/49645-china-s-soy-imports-to-top-100-million-tons-as-u-s-supply-jumps-caixin-global.md) | +4.2% | +6.7% |
| SBM | 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) | +2.9% | +4.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-ports/china-to-significantly-increase-us-soybean-imports-after-phase-1-deal-global-times-idUSKBN1ZE1SQ/

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