# Soybean Prices are a Proxy for How the Trade War is Going - Global Trade Magazine

> An explainer piece describes soybeans as a major U.S. cash crop grown on more than 303,000 farms and notes that the U.S. produced 123.7 million metric tons in 2018. It says soybean meal for livestock feed drives much of the export value of traded beans and frames soybean prices as a gauge of the U.S.-China trade war.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/56614-soybean-prices-are-a-proxy-for-how-the-trade-war-is-going-global-trade-magazine
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The article gives background rather than new information, but it reinforces that China's feed demand for soymeal is the main driver of global soybean trade and prices.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-21 | [Global demand for soybean meal drives prices up in Brazil and the U.S.](https://feedsoft.ai/events/18436-global-demand-for-soybean-meal-drives-prices-up-in-brazil-and-the-u-s.md) | -1.4% | -2.0% |
| SOY | 2019-05-28 | [Trade war drives need for South American soybean derivs \| FOW](https://feedsoft.ai/events/59147-trade-war-drives-need-for-south-american-soybean-derivs-fow.md) | +5.9% | +9.6% |
| SOY | 2018-09-21 | [For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war](https://feedsoft.ai/events/62891-for-bold-chinese-buyers-of-soybeans-bargain-u-s-prices-trump-trade-war.md) | +0.6% | +1.6% |
| SOY | 2025-02-19 | [By the numbers: Breaking down the global soybean trade \| Reuters](https://feedsoft.ai/events/14681-by-the-numbers-breaking-down-the-global-soybean-trade-reuters.md) | -0.7% | -2.5% |
| SOY | 2018-12-03 | [Soybeans: How much is “substantial”? \| articles \| ING THINK](https://feedsoft.ai/events/11525-soybeans-how-much-is-substantial-articles-ing-think.md) | +1.7% | +0.0% |
| SBM | 2025-04-21 | [U.S.-China trade war 2.0: What are the implications for global oilseed markets? \| IFPRI](https://feedsoft.ai/events/14672-u-s-china-trade-war-2-0-what-are-the-implications-for-global-oilseed-markets.md) | -1.6% | -2.0% |
| SBM | 2019-05-28 | [Trade war drives need for South American soybean derivs \| FOW](https://feedsoft.ai/events/59147-trade-war-drives-need-for-south-american-soybean-derivs-fow.md) | +6.7% | +5.7% |
| SBM | 2020-11-19 | [U.S. Soybean Prices Crumble as Trade War Sparks Brazil Rally - Pork Business](https://feedsoft.ai/events/50180-u-s-soybean-prices-crumble-as-trade-war-sparks-brazil-rally-pork-business.md) | +0.5% | +0.8% |

## Sources

- globaltrademag.com: https://www.globaltrademag.com/soybean-prices-are-a-proxy-for-how-the-trade-war-is-going/

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