# Soybean squeeze

> China's soybean buying has dried up while trade talks continue, with only 156,000 bushels of new purchases reported in the latest week. Total new sales of 6.7 million bushels fell far short of the roughly 15 million bushels per week needed to meet USDA's export forecast. China also made no new sorghum purchases and cancelled some pork orders.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/59967-soybean-squeeze
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A shortfall in Chinese demand leaves U.S. soybean exports behind forecast and keeps pressure on soybean and meal prices. Buyers should watch whether a trade deal restores the weekly buying pace.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-27 | [Soybean Weekly Report](https://feedsoft.ai/events/11979-soybean-weekly-report.md) | -3.0% | -5.0% |
| SOY | 2018-09-26 | [Soybean trade scorecard](https://feedsoft.ai/events/62896-soybean-trade-scorecard.md) | +2.4% | +1.4% |
| SOY | 2017-02-01 | [China’s soybean speculation](https://feedsoft.ai/events/72358-china-s-soybean-speculation.md) | +1.8% | +1.6% |
| SOY | 2018-02-14 | [Lagging Soybean Sales to China](https://feedsoft.ai/events/66379-lagging-soybean-sales-to-china.md) | +2.2% | +1.7% |
| SOY | 2017-02-25 | [Soybean sales start seasonal slump](https://feedsoft.ai/events/72355-soybean-sales-start-seasonal-slump.md) | +1.3% | -3.7% |
| SBM | 2018-09-26 | [Soybean trade scorecard](https://feedsoft.ai/events/62896-soybean-trade-scorecard.md) | +1.6% | +1.5% |
| SBM | 2018-02-14 | [Lagging Soybean Sales to China](https://feedsoft.ai/events/66379-lagging-soybean-sales-to-china.md) | +3.5% | +0.8% |
| SBM | 2017-02-25 | [Soybean sales start seasonal slump](https://feedsoft.ai/events/72355-soybean-sales-start-seasonal-slump.md) | -0.8% | -4.0% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/soybean-squeeze

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