# U.S. soybean sales could bolster dry bulk - FreightWaves

> A U.S.-China trade truce signaled at the G20 summit on June 29 and a Chinese purchase order for 544,000 tons of U.S. soybeans improved dry bulk sentiment. Analysts expect Chinese soybean purchases to support Panamax and Supramax demand.

- Date: 2019-07-03 · published 2019-07-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/58298-u-s-soybean-sales-could-bolster-dry-bulk-freightwaves
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Renewed Chinese buying of U.S. soybeans would expand US export flows and support soybean and meal prices, while also lifting demand for Panamax and Supramax freight.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-17 | [U.S. aims to expand soybean sales](https://feedsoft.ai/events/70883-u-s-aims-to-expand-soybean-sales.md) | -2.9% | -4.6% |
| SOY | 2024-08-08 | [Strong week for new crop U.S. soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/28855-strong-week-for-new-crop-u-s-soybean-export-sales-brownfield-ag-news.md) | -4.0% | -1.2% |
| SOY | 2026-10-20 | [U.S. soybean sales to China jump after late-September Trump-Xi summit](https://feedsoft.ai/events/14542-u-s-soybean-sales-to-china-jump-after-late-september-trump-xi-summit.md) | -0.6% | — |
| SOY | 2017-03-24 | [USDA exports – Corn, soybean, wheat sales up for the week](https://feedsoft.ai/events/71846-usda-exports-corn-soybean-wheat-sales-up-for-the-week.md) | -2.8% | -4.0% |
| SOY | 2017-10-05 | [Good week for corn, soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/68550-good-week-for-corn-soybean-export-sales-brownfield-ag-news.md) | +0.7% | +2.4% |
| SBM | 2023-07-19 | [Freight rates rebound on stronger Chinese soybean demand - Fastmarkets](https://feedsoft.ai/events/35234-freight-rates-rebound-on-stronger-chinese-soybean-demand-fastmarkets.md) | +2.2% | -6.8% |
| SBM | 2016-12-06 | [New export sales support soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/6328-new-export-sales-support-soybeans-corn-brownfield-ag-news.md) | -0.9% | -0.8% |
| SBM | 2022-01-21 | [U.S. Soy Meal Exports soar as Biofuel frenzy boosts bean crush \| Air Freight News](https://feedsoft.ai/events/43212-u-s-soy-meal-exports-soar-as-biofuel-frenzy-boosts-bean-crush-air-freight-news.md) | +0.6% | +10.5% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/ocean-rate-report-trade-truce-bump-from-u-s-soybean-sales

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