# Beijing is in control of global soybean market - Manitoba Co-operator

> Soybean prices on the CBOT have dropped since the US-China Phase 1 deal was signed, because the expected flood of Chinese orders has not appeared. Traders note Chinese buyers are favoring cheaper Brazilian beans during Brazil's harvest and typically buy US supplies in the fall.

- Date: 2020-01-31 · published 2020-01-31T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/55112-beijing-is-in-control-of-global-soybean-market-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Buyers should expect soybean and meal prices to stay soft until Chinese US purchases materialize, while Brazilian harvest pressure keeps the market capped.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-06-29 | [Soybean influx into China cools buying appetite - Manitoba Co-operator](https://feedsoft.ai/events/35463-soybean-influx-into-china-cools-buying-appetite-manitoba-co-operator.md) | +5.2% | +5.6% |
| SOY | 2019-05-28 | [A changing global soybean market](https://feedsoft.ai/events/59137-a-changing-global-soybean-market.md) | +5.9% | +9.6% |
| SOY | 2022-05-03 | [Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator](https://feedsoft.ai/events/14933-chinese-soybean-crushers-slow-bean-buying-on-poor-margins-manitoba-co-operator.md) | -3.2% | +0.6% |
| SOY | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | +2.0% | +5.1% |
| SOY | 2023-07-25 | [Brazil is pushing the US out of world’s biggest soybean market](https://feedsoft.ai/events/35070-brazil-is-pushing-the-us-out-of-world-s-biggest-soybean-market.md) | -5.1% | -10.1% |
| SBM | 2023-06-29 | [Soybean influx into China cools buying appetite - Manitoba Co-operator](https://feedsoft.ai/events/35463-soybean-influx-into-china-cools-buying-appetite-manitoba-co-operator.md) | +3.0% | +14.0% |
| SBM | 2019-05-28 | [A changing global soybean market](https://feedsoft.ai/events/59137-a-changing-global-soybean-market.md) | +6.7% | +5.7% |
| SBM | 2022-05-03 | [Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator](https://feedsoft.ai/events/14933-chinese-soybean-crushers-slow-bean-buying-on-poor-margins-manitoba-co-operator.md) | -6.7% | -1.8% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/crops/oilseeds/beijing-is-in-control-of-global-soybean-market/

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