# Soybeans: What you need to know and why US soybeans are important to Irish farmers - Agriland.ie

> The American Soybean Association says US soybeans have been effectively barred from China for a year, leaving a large glut. It expects the US soybean carryover by September to be the largest in over 55 years, pushing prices below growers' break-even levels.

- Date: 2019-06-13 · published 2019-06-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/58628-soybeans-what-you-need-to-know-and-why-us-soybeans-are-important-to-irish
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record carryover stock points to heavy supply and low soybean prices, which benefit soymeal buyers but hurt US growers and could shift acreage in future seasons.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2018-04-13 | [China traders, farmers shrug off risk of US soybeans tariff \| AP News](https://feedsoft.ai/events/65373-china-traders-farmers-shrug-off-risk-of-us-soybeans-tariff-ap-news.md) | -2.2% | -4.5% |
| SOY | 2018-09-19 | [Soybean Farmers Worry About Tariffs' Impact : NPR](https://feedsoft.ai/events/63064-soybean-farmers-worry-about-tariffs-impact-npr.md) | +3.9% | +8.7% |
| SOY | 2020-01-09 | [New Data: U.S. Soybean Farmers Lost 2nd Year To China Trade War](https://feedsoft.ai/events/55115-new-data-u-s-soybean-farmers-lost-2nd-year-to-china-trade-war.md) | -1.0% | -6.1% |
| SBM | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | 0.0% | -1.5% |
| SBM | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +1.1% | -2.1% |
| SBM | 2018-04-13 | [China traders, farmers shrug off risk of US soybeans tariff \| AP News](https://feedsoft.ai/events/65373-china-traders-farmers-shrug-off-risk-of-us-soybeans-tariff-ap-news.md) | -2.6% | +1.9% |

## Sources

- agriland.ie: https://www.agriland.ie/farming-news/soybeans-what-you-need-to-know-and-why-us-soybeans-are-important-to-irish-farmers/

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