# Importers snap up cheap U.S. soybeans as China stops buying

> China's 25% retaliatory tariffs on US soybeans took effect and pushed US prices down. Chinese buyers accounted for only 17% of advance purchases of the US fall crop, versus a 60% decade average, while importers bought cheap US beans and Brazilian beans sold at premiums of up to $1.50 a bushel.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tariffs cut Chinese demand for US soybeans and shift trade flows toward Brazil, which weighs on US soybean prices and supports Brazilian export premiums.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-12 | [China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying](https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying.md) | -0.8% | +5.2% |
| SOY | 2017-12-22 | [China tightens import rules for U.S. soybeans](https://feedsoft.ai/events/67345-china-tightens-import-rules-for-u-s-soybeans.md) | +0.3% | +4.0% |
| SOY | 2018-10-24 | [China wants to stop buying American soybeans entirely](https://feedsoft.ai/events/62400-china-wants-to-stop-buying-american-soybeans-entirely.md) | -2.8% | +2.7% |
| SOY | 2018-05-04 | [Angst in farm belt after reports that China halted buying US soybeans](https://feedsoft.ai/events/65058-angst-in-farm-belt-after-reports-that-china-halted-buying-us-soybeans.md) | -2.9% | -2.1% |
| SOY | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | +2.0% | +5.1% |
| SBM | 2018-09-12 | [China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying](https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying.md) | -4.4% | -0.2% |
| SBM | 2018-10-24 | [China wants to stop buying American soybeans entirely](https://feedsoft.ai/events/62400-china-wants-to-stop-buying-american-soybeans-entirely.md) | -1.8% | -1.2% |
| SBM | 2019-12-09 | [Chinese importers scoop up Brazilian soybeans - Manitoba Co-operator](https://feedsoft.ai/events/55633-chinese-importers-scoop-up-brazilian-soybeans-manitoba-co-operator.md) | -0.6% | -0.3% |

## Sources

- thejacobsen.com: https://thejacobsen.com/2018/07/16/grain-feed-bulletin-154/
- reuters.com: https://www.reuters.com/article/us-usa-trade-china-soybeans/importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying-idUSKBN1K21IB/

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