# China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News

> Bloomberg reported China has put purchases of U.S. soybeans on hold as the trade war escalated, though no existing purchases are expected to be cancelled. President Trump also threatened escalating tariffs on all Mexican imports starting June 10 while USMCA ratification is pending.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/58950-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold-under-a-new
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A halt in Chinese state buying removes a key source of soybean demand, pressuring soybean prices and shifting trade toward Brazil. Tariff threats on Mexico also put U.S. meal and grain export demand at risk.

## Read by commodity

- DXY: neutral
- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-09 | [China cutting US soybean purchases in face of tariffs threat \| AP News](https://feedsoft.ai/events/64913-china-cutting-us-soybean-purchases-in-face-of-tariffs-threat-ap-news.md) | +0.7% | -1.7% |
| SOY | 2026-08-01 | [Tariffs, in the way of larger China purchases of US soybeans: market sources](https://feedsoft.ai/events/18362-tariffs-in-the-way-of-larger-china-purchases-of-us-soybeans-market-sources.md) | -1.3% | +8.9% |
| SOY | 2021-11-22 | [China's Soy Imports Slump in October, as "U.S. Pork Exports to Mexico Show Promise" - Farm Policy News](https://feedsoft.ai/events/14979-china-s-soy-imports-slump-in-october-as-u-s-pork-exports-to-mexico-show-promise.md) | -1.7% | +2.3% |
| SOY | 2018-06-16 | [China hikes tariffs on US soybeans, electric cars, fish \| AP News](https://feedsoft.ai/events/64396-china-hikes-tariffs-on-us-soybeans-electric-cars-fish-ap-news.md) | -1.2% | -8.4% |
| SOY | 2020-06-01 | [China asks state firms to halt purchases of U.S. soybeans, pork, sources say](https://feedsoft.ai/events/52463-china-asks-state-firms-to-halt-purchases-of-u-s-soybeans-pork-sources-say.md) | +3.2% | +2.9% |
| SBM | 2018-06-16 | [China hikes tariffs on US soybeans, electric cars, fish \| AP News](https://feedsoft.ai/events/64396-china-hikes-tariffs-on-us-soybeans-electric-cars-fish-ap-news.md) | +0.1% | -2.9% |
| SBM | 2018-03-11 | [New U.S. Tariffs Ramp-Up Fear of Ag Trade Retaliation; Soybean Growers Especially Worried \| Farm Policy News \| Illinois](https://feedsoft.ai/events/65985-new-u-s-tariffs-ramp-up-fear-of-ag-trade-retaliation-soybean-growers-especially.md) | +0.3% | +4.8% |
| 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

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2019/05/trade-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold/

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