◂ Event Timeline

Jul 24, 2019TRADEChina

China Approves Tariff-Free U.S. Soybean Purchases as Goodwill

Chinese authorities approved five companies to buy up to 3 million tons of U.S. soybeans free of retaliatory tariffs while trade talks continue. The approval was reported by Bloomberg citing people familiar with the matter.

WHY IT MATTERS

Tariff-free access for up to 3 million tons would lift demand for U.S. soybeans and support soybean and meal prices. The scale is meaningful but depends on the talks continuing.

AFFECTSSoybeans▲

SOURCE
bloomberg.comBloomberg NewsJul 24, 2019

Price reaction & history

Soybeans▲bullishSO FAR1d +0.6%5d -0.8%20d -3.4%

After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.

Aug 26, 2020China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg+4.5%
Nov 17, 2025Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg+1.1%
Sep 25, 2025China says it will resume US soybean purchases following a rollback in tariffs | S&P Global+0.4%
Jul 8, 2026China makes biggest U.S. soybean purchase since November - TT+0.9%
Jun 19, 2020China to Speed U.S. Farm Purchases After Secretive Hawaii Talks - Bloomberg-0.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybeans SOY · GP ▸

——— · ·

Loading…