# Chinese importers buy U.S. soybean cargoes despite ports congestion

> Chinese commercial crushers bought up to seven U.S. soybean cargoes for December and January shipment, according to two traders. The purchases came even as up to 2 million tonnes of American cargoes waited to offload at Chinese ports, with confusion persisting over extra tariff deposits for U.S. shipments under tariff-free quotas.

- Date: 2019-11-13 · published 2019-11-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/55906-chinese-importers-buy-u-s-soybean-cargoes-despite-ports-congestion
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Renewed commercial demand for U.S. beans supports U.S. export prices and narrows the discount to South American supply, though port backlogs and tariff payment problems limit how quickly the buying converts into flows.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-06 | [China grants duty exemption on U.S. soybean imports - sources](https://feedsoft.ai/events/53996-china-grants-duty-exemption-on-u-s-soybean-imports-sources.md) | -3.8% | -3.4% |
| 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% |
| SOY | 2018-03-03 | [China soybean buyers will cope if U.S. trade spat hits imports: New Hope](https://feedsoft.ai/events/65861-china-soybean-buyers-will-cope-if-u-s-trade-spat-hits-imports-new-hope.md) | -3.0% | -2.4% |
| SOY | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +2.4% | -1.8% |
| SOY | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | +1.4% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-soybeans/chinese-importers-buy-u-s-soybean-cargoes-despite-ports-congestion-idUSKBN1XN16T/

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