# China's COFCO buys million-tonne batch of U.S. soybeans

> COFCO, China's state agricultural conglomerate, said it had recently bought a batch of U.S. soybeans amounting to millions of tonnes. The notice followed a period in which Chinese purchases of U.S. beans had ceased since July 2018 under retaliatory tariffs. The purchase signals a restart of Chinese demand for U.S. beans.

- Date: 2019-02-02 · published 2019-02-02T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/60472-china-s-cofco-buys-million-tonne-batch-of-u-s-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A multi-million-tonne state purchase removes much of the export overhang from the record U.S. crop and supports U.S. soybean prices. Soybean meal prices may also firm as Chinese crushing demand for U.S. beans returns.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-16 | [China buys $67 million Worth of U.S. Soybeans as Trade War Eases](https://feedsoft.ai/events/56927-china-buys-67-million-worth-of-u-s-soybeans-as-trade-war-eases.md) | -0.2% | +5.8% |
| SOY | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +2.4% | -1.8% |
| SOY | 2026-01-20 | [China Buy 12 Million Tons of US Soybeans, Meets Key Trade Pledge - Bloomberg](https://feedsoft.ai/events/14608-china-buy-12-million-tons-of-us-soybeans-meets-key-trade-pledge-bloomberg.md) | +0.4% | +7.2% |
| SOY | 2025-10-30 | [China to buy 12 million metric tons of US soybeans this season, Bessent says \| Reuters](https://feedsoft.ai/events/14624-china-to-buy-12-million-metric-tons-of-us-soybeans-this-season-bessent-says.md) | +3.7% | +4.7% |
| SOY | 2017-06-20 | [China may buy record volume of U.S. soybeans](https://feedsoft.ai/events/70349-china-may-buy-record-volume-of-u-s-soybeans.md) | -3.3% | +5.5% |
| SBM | 2023-11-10 | [China soybean imports top 100 million tonnes](https://feedsoft.ai/events/33166-china-soybean-imports-top-100-million-tonnes.md) | +3.6% | -4.9% |
| SBM | 2025-10-30 | [China to buy 12 million metric tons of US soybeans this season, Bessent says \| Reuters](https://feedsoft.ai/events/14624-china-to-buy-12-million-metric-tons-of-us-soybeans-this-season-bessent-says.md) | +4.7% | +1.7% |
| SBM | 2017-06-20 | [China may buy record volume of U.S. soybeans](https://feedsoft.ai/events/70349-china-may-buy-record-volume-of-u-s-soybeans.md) | -2.5% | +7.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-us-trade-soybeans/chinas-cofco-buys-million-tonne-batch-of-u-s-soybeans-idUSKCN1PR02B/

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