# Chinese Companies Halt U.S. Farm Goods Purchase - Caixin Global

> Chinese companies suspended new purchases of U.S. farm goods after Trump announced 10% tariffs on an additional $300 billion of Chinese goods starting Sept. 1. Beijing called the move a serious violation of the June consensus and said it may levy tariffs on U.S. agricultural products bought after Aug. 3.

- Date: 2019-08-06 · published 2019-08-06T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/57444-chinese-companies-halt-u-s-farm-goods-purchase-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A halt in Chinese buying of U.S. farm goods removes a major export outlet, weighing on U.S. soybean and grain prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-13 | [Frozen Out of China, U.S. Soybean Farmers Refuse to Sell - Caixin Global](https://feedsoft.ai/events/62093-frozen-out-of-china-u-s-soybean-farmers-refuse-to-sell-caixin-global.md) | +0.2% | +5.5% |
| SOY | 2019-01-07 | [U.S. farmers fret as Chinese soy purchases move elsewhere \| Farmtario](https://feedsoft.ai/events/60936-u-s-farmers-fret-as-chinese-soy-purchases-move-elsewhere-farmtario.md) | -1.1% | +1.0% |
| SOY | 2026-10-01 | [China Promised to Buy More U.S. Farm Goods. It Hasn’t Happened.](https://feedsoft.ai/events/14546-china-promised-to-buy-more-u-s-farm-goods-it-hasn-t-happened.md) | +0.3% | -5.3% |
| SOY | 2025-09-25 | [US-Argentine Deal Adds to Farm Groups' Frustration Over Lack of Chinese Purchases](https://feedsoft.ai/events/22902-us-argentine-deal-adds-to-farm-groups-frustration-over-lack-of-chinese-purchases.md) | +0.4% | +2.6% |
| SOY | 2019-08-06 | [Lashing back, China lets yuan drop, halts US farm purchases \| AP News](https://feedsoft.ai/events/5371-lashing-back-china-lets-yuan-drop-halts-us-farm-purchases-ap-news.md) | +1.3% | +0.7% |
| CORN | 2026-06-01 | [Explainer: What do China's new US farm purchases mean for global trade?](https://feedsoft.ai/events/14575-explainer-what-do-china-s-new-us-farm-purchases-mean-for-global-trade.md) | -5.5% | -10.2% |
| CORN | 2026-10-01 | [China Promised to Buy More U.S. Farm Goods. It Hasn’t Happened.](https://feedsoft.ai/events/14546-china-promised-to-buy-more-u-s-farm-goods-it-hasn-t-happened.md) | -1.2% | -6.7% |
| CORN | 2020-06-01 | [China asks state firms to halt purchases of U.S. soybeans, pork, sources say](https://feedsoft.ai/events/52463-china-asks-state-firms-to-halt-purchases-of-u-s-soybeans-pork-sources-say.md) | +2.0% | -0.6% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-08-06/chinese-companies-halt-us-farm-goods-purchase-101447709.html

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