# Chinese Buyers Return to Market for U.S. Soy After Tariff Waivers Granted - Caixin Global

> Chinese crushers were granted a third round of tariff waivers to buy another 10 million tons of U.S. soybeans without retaliatory duties. Chicago soybean futures rose to a one-week high of $9.59 a bushel, and Trump said China had started buying.

- Date: 2019-10-23 · published 2019-10-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/56424-chinese-buyers-return-to-market-for-u-s-soy-after-tariff-waivers-granted-caixin
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tariff waivers reopen the Chinese market to U.S. soybeans after Brazilian buying, supporting U.S. soybean prices and meal demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-03 | [Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs - Caixin Global](https://feedsoft.ai/events/6925-update-china-stocks-rally-after-china-and-u-s-agree-to-delay-new-tariffs-caixin.md) | +1.7% | +0.0% |
| 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 | 2019-09-24 | [China gives waivers to importers to buy U.S. soy exempt from tariffs: sources](https://feedsoft.ai/events/56921-china-gives-waivers-to-importers-to-buy-u-s-soy-exempt-from-tariffs-sources.md) | +1.5% | +4.6% |
| SOY | 2018-10-16 | [Two Boatloads of U.S. Soybeans on Their Way to China Despite Tariffs - Caixin Global](https://feedsoft.ai/events/62398-two-boatloads-of-u-s-soybeans-on-their-way-to-china-despite-tariffs-caixin.md) | -3.7% | -2.2% |
| SOY | 2020-12-01 | [China Tariff Warning Doesn't Phase Soybean Market \| Feed & Grain](https://feedsoft.ai/events/49726-china-tariff-warning-doesn-t-phase-soybean-market-feed-and-grain.md) | -0.9% | +10.9% |
| SBM | 2019-09-24 | [China gives waivers to importers to buy U.S. soy exempt from tariffs: sources](https://feedsoft.ai/events/56921-china-gives-waivers-to-importers-to-buy-u-s-soy-exempt-from-tariffs-sources.md) | +0.5% | +4.5% |
| SBM | 2020-12-01 | [China Tariff Warning Doesn't Phase Soybean Market \| Feed & Grain](https://feedsoft.ai/events/49726-china-tariff-warning-doesn-t-phase-soybean-market-feed-and-grain.md) | -1.7% | +8.6% |
| SBM | 2019-12-19 | [Trade war: China buys US soybeans after fresh round of tariff waivers, but will it be the last for some time? \| South China Morning Post](https://feedsoft.ai/events/55445-trade-war-china-buys-us-soybeans-after-fresh-round-of-tariff-waivers-but-will.md) | -1.1% | -0.8% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-10-23/chinese-buyers-return-to-market-for-us-soy-after-tariff-waivers-granted-101474433.html

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