# Trade war: US official says China far short of soybean purchase pledge

> A USDA official said China has bought only about half of the 20 million metric tons of soybeans it pledged, with roughly 9 to 10 million tonnes shipped and accepted. China had also halted imports of U.S. farm goods amid escalating trade tensions.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/57439-trade-war-us-official-says-china-far-short-of-soybean-purchase-pledge
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Persistent shortfalls against purchase commitments signal weak Chinese demand for U.S. soybeans, keeping pressure on U.S. soybean prices and basis.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-06 | [Potential impacts of US-China trade war 2.0 on soybeans - Rabobank](https://feedsoft.ai/events/14693-potential-impacts-of-us-china-trade-war-2-0-on-soybeans-rabobank.md) | +3.3% | +7.9% |
| SOY | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -1.6% | -9.2% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2024-07-03 | [China’s 2024 US ag purchases of soybeans, corn trailing previous two years \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/14732-china-s-2024-us-ag-purchases-of-soybeans-corn-trailing-previous-two-years-an.md) | -2.0% | -11.7% |
| SBM | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -2.5% | -11.9% |
| SBM | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +1.1% | -2.1% |
| SBM | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | 0.0% | -1.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/08/23/trade-war-us-official-says-china-far-short-of-soybean-purchase-pledge.html

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