# In Depth: Why China Is Still Hooked on U.S. Soybeans - Caixin Global

> Chinese traders have scrambled to find soybean alternatives to reduce dependence on U.S. supply after Beijing curbed U.S. imports during the trade war. Buyers say sourcing options are limited and the global supply chain has not yet adjusted.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/56426-in-depth-why-china-is-still-hooked-on-u-s-soybeans-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tight alternative supply and China's continued reliance on imports support soybean and soybean meal prices, while trade uncertainty adds volatility.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +1.3% | +3.6% |
| 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 | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +0.3% | +5.4% |
| SOY | 2024-06-14 | [China is Buying Soybeans Again, But Why? - AgWeb](https://feedsoft.ai/events/14741-china-is-buying-soybeans-again-but-why-agweb.md) | -2.4% | -9.4% |
| 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% |
| SBM | 2019-11-29 | [U.S. Soy’s Flowing Into China Again as Port Congestion Eases - Caixin Global](https://feedsoft.ai/events/55907-u-s-soy-s-flowing-into-china-again-as-port-congestion-eases-caixin-global.md) | +1.9% | +0.5% |
| 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% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-10-31/in-depth-why-china-is-still-hooked-on-us-soybeans-101477370.html

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