# Soybeans take the slow boat to China as trade war rumbles on - Splash247

> Splash247 reports that bulk carriers carrying US Gulf soybeans to China are taking longer routes, including around South Africa, while waiting for a US-China trade breakthrough. President Trump said a trade deal signing may not come until 2020 or later.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/55468-soybeans-take-the-slow-boat-to-china-as-trade-war-rumbles-on-splash247
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer voyages and delayed US-China trade clarity add freight cost and uncertainty for US soybean exports to China, supporting Brazilian origin demand and weighing on US soybean basis.

## Read by commodity

- SOY: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -1.6% | -9.2% |
| SOY | 2018-11-22 | [Trump's China trade war forces U.S. soybeans to take costly detour](https://feedsoft.ai/events/62091-trump-s-china-trade-war-forces-u-s-soybeans-to-take-costly-detour.md) | +0.5% | +0.2% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2019-03-14 | [Why U.S. growers are betting the farm on soybeans amid China trade war](https://feedsoft.ai/events/8266-why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war.md) | +1.9% | +1.5% |
| SOY | 2025-04-30 | [CBOT soybeans hit two-week low on US-China trade war concerns](https://feedsoft.ai/events/25128-cbot-soybeans-hit-two-week-low-on-us-china-trade-war-concerns.md) | -0.6% | +0.7% |

## Sources

- splash247.com: https://splash247.com/soybeans-take-the-slow-boat-to-china-as-trade-war-rumbles-on/

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