# U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global

> American soybeans stranded on ships off China's coast are being unloaded again as Chinese customs allow importers to post bank letters of guarantee instead of cash for the 30% retaliatory tariff deposit. Up to 2 million tonnes had been backed up at ports. Trump said a trade deal with Xi Jinping was near completion.

- Date: 2019-11-29 · published 2019-11-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Easing the port logjam and deposit requirement improves U.S. soybean flows into China, supporting U.S. soybean and meal prices while the phase-one deal remains unsigned.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +4.5% | +5.2% |
| 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 | 2019-10-31 | [In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global](https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global.md) | -0.1% | -3.7% |
| SOY | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -1.5% | -7.6% |
| SOY | 2025-09-25 | [China says it will resume US soybean purchases following a rollback in tariffs \| S&P Global](https://feedsoft.ai/events/14636-china-says-it-will-resume-us-soybean-purchases-following-a-rollback-in-tariffs.md) | +0.4% | +2.6% |
| 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 | 2019-10-31 | [In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global](https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global.md) | -1.1% | -2.8% |
| SBM | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +0.1% | +1.6% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-11-29/us-soys-flowing-into-china-again-as-port-congestion-eases-101488734.html

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