# The Trade War Is Creating a Windfall for Rivals of U.S. Soy in China

> China is likely to import a record 6.7 million tons of palm oil in the year starting October, according to the China National Grain and Oils Information Center. Soybean oil prices are surging as bean supplies shrink from the trade war and African swine fever.

- Date: 2019-09-01 · published 2019-09-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/57615-the-trade-war-is-creating-a-windfall-for-rivals-of-u-s-soy-in-china
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong Chinese palm oil demand as a substitute for soyoil supports palm prices, while tighter soybean supplies lift soyoil and reduce meal availability for feed.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-07-02 | [Soy Oil Rallies on Prospect for Indonesia, China Trade Spat](https://feedsoft.ai/events/12747-soy-oil-rallies-on-prospect-for-indonesia-china-trade-spat.md) | +0.1% | +0.4% |
| PALMOIL | 2019-04-23 | [On track for increased palm oil exports? Malaysia’s revival of China-backed mega rail project fuels hopes](https://feedsoft.ai/events/59677-on-track-for-increased-palm-oil-exports-malaysia-s-revival-of-china-backed-mega.md) | -0.4% | -6.6% |
| PALMOIL | 2024-10-23 | [Rising demand for CPO \| The Star](https://feedsoft.ai/events/15613-rising-demand-for-cpo-the-star.md) | +0.9% | +11.2% |
| PALMOIL | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +0.3% | -4.5% |
| PALMOIL | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.9% | +16.8% |
| SBO | 2025-09-18 | [Soybean windfall brings pain to Argentina’s crushing industry amid US-China trade war](https://feedsoft.ai/events/13834-soybean-windfall-brings-pain-to-argentina-s-crushing-industry-amid-us-china.md) | -3.8% | -1.4% |
| SBO | 2024-07-02 | [Soy Oil Rallies on Prospect for Indonesia, China Trade Spat](https://feedsoft.ai/events/12747-soy-oil-rallies-on-prospect-for-indonesia-china-trade-spat.md) | +6.0% | +0.7% |
| SBO | 2018-07-23 | [Crushing it! – Promising Outlook for US Soy Crush Despite Trade War - Rabobank](https://feedsoft.ai/events/64105-crushing-it-promising-outlook-for-us-soy-crush-despite-trade-war-rabobank.md) | +1.2% | +0.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-08-23/trade-blow-for-u-s-soy-farmers-is-godsend-for-palm-oil-growers

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