# China's Shopping List in America Has These Farm Goods at the Top - Bloomberg

> Bloomberg reports that China's shopping list of American farm goods is topped by key products. It notes Brazil and Argentina were major winners from the trade war because their soybeans displaced U.S. exports in China. The article says China could drop its 25 percent retaliatory tariff on soybeans, which is America's largest agricultural export to China.

- Date: 2019-03-07 · published 2019-03-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/59968-china-s-shopping-list-in-america-has-these-farm-goods-at-the-top-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Removal of the 25 percent Chinese tariff on U.S. soybeans would restore competitiveness against South American supplies and support U.S. soybean prices. Until then, South American origins keep their share of Chinese demand.

## Read by commodity

- SOY: neutral
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-20 | [China Back in the Market for U.S. Farm Goods After Waivers \| Financial Post](https://feedsoft.ai/events/54480-china-back-in-the-market-for-u-s-farm-goods-after-waivers-financial-post.md) | -1.8% | -8.0% |
| SOY | 2017-06-12 | [How the World's Farmers Went to Work for China](https://feedsoft.ai/events/70350-how-the-world-s-farmers-went-to-work-for-china.md) | -0.3% | +8.4% |
| SOY | 2020-01-09 | [China and MFP Tranche 3 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/55062-china-and-mfp-tranche-3-farm-bureau-intel-markets-american-farm-bureau.md) | -1.0% | -6.1% |
| SOY | 2026-06-30 | [China Resumes Buying US Soybeans in Trade Clouded by Politics - Bloomberg](https://feedsoft.ai/events/14568-china-resumes-buying-us-soybeans-in-trade-clouded-by-politics-bloomberg.md) | +7.9% | +9.3% |
| SOY | 2020-01-15 | [What's in the U.S.-China Phase 1 trade deal](https://feedsoft.ai/events/54939-what-s-in-the-u-s-china-phase-1-trade-deal.md) | -1.6% | -3.9% |
| USDBRL | 2022-10-12 | [China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg](https://feedsoft.ai/events/14894-china-set-to-import-brazilian-corn-in-challenge-to-us-supply-bloomberg.md) | +1.5% | -1.3% |
| USDBRL | 2018-07-25 | [Why the EU Was Already Likely to Import More U.S. Soybeans - Bloomberg](https://feedsoft.ai/events/64075-why-the-eu-was-already-likely-to-import-more-u-s-soybeans-bloomberg.md) | +0.2% | +6.9% |
| USDBRL | 2022-06-17 | [South American corn the cheapest feed grain available  \| Stock Journal \| SA](https://feedsoft.ai/events/41008-south-american-corn-the-cheapest-feed-grain-available-stock-journal-sa.md) | +3.6% | +6.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2019-03-07/transforming-global-agri-trade-china-s-shopping-list-in-america

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