# Battered U.S. Soy Gets Bullish Jolt as Door to China Reopens - Bloomberg

> Soybean futures jumped to their highest since June after the White House said China agreed to restart US purchases as part of a trade truce. Gains spread across crops from wheat to cotton, and agribusiness shares rallied.

- Date: 2018-12-02 · published 2018-12-02T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/5835-battered-u-s-soy-gets-bullish-jolt-as-door-to-china-reopens-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Restarted Chinese purchases remove a major export outlet for US soybeans and lift grain prices broadly. The price impact depends on whether the purchases are actually executed.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-08-16 | [U.S. grains: Soy climbs as U.S., China plan to restart trade talks - Manitoba Co-operator](https://feedsoft.ai/events/63566-u-s-grains-soy-climbs-as-u-s-china-plan-to-restart-trade-talks-manitoba-co.md) | -0.2% | +6.2% |
| WHEAT | 2026-01-30 | [China Turns to South America for Soybeans as U.S. Corn, Sorghum Exports Gain Momentum - RFD](https://feedsoft.ai/events/21112-china-turns-to-south-america-for-soybeans-as-u-s-corn-sorghum-exports-gain.md) | -0.3% | +3.1% |
| WHEAT | 2019-01-22 | [Wheat ETF Gains as China Reopens Trade, Russia Curbs Exports \| ETF Trends](https://feedsoft.ai/events/7651-wheat-etf-gains-as-china-reopens-trade-russia-curbs-exports-etf-trends.md) | -0.0% | -2.1% |
| WHEAT | 2019-01-23 | [China may buy up to 7 million tons of U.S. wheat](https://feedsoft.ai/events/60962-china-may-buy-up-to-7-million-tons-of-u-s-wheat.md) | -0.3% | -2.7% |
| WHEAT | 2021-04-29 | [Feeding Chickens Is So Costly It’s Changing Global Trade Flows - Bloomberg](https://feedsoft.ai/events/47747-feeding-chickens-is-so-costly-it-s-changing-global-trade-flows-bloomberg.md) | -5.4% | -5.4% |
| SOY | 2018-06-20 | [There Are Signs China Soy Buyers Are Already Reacting to Tariffs - Bloomberg](https://feedsoft.ai/events/64567-there-are-signs-china-soy-buyers-are-already-reacting-to-tariffs-bloomberg.md) | -2.4% | -5.3% |
| SOY | 2020-08-26 | [China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg](https://feedsoft.ai/events/51649-china-said-to-expect-record-u-s-soybean-purchases-this-year-bloomberg.md) | +4.5% | +11.0% |
| SOY | 2019-07-24 | [China Approves Tariff-Free U.S. Soybean Purchases as Goodwill - Bloomberg](https://feedsoft.ai/events/57946-china-approves-tariff-free-u-s-soybean-purchases-as-goodwill-bloomberg.md) | -0.8% | -3.4% |

## Sources

- bbc.com: https://www.bbc.com/news/business-46562384
- bloomberg.com: https://www.bloomberg.com/news/articles/2018-12-02/trump-s-dinner-date-with-xi-may-give-soybean-market-bullish-jolt

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