# China bulks up on U.S. soybeans

> USDA's delayed export sales data showed China bought 144 million bushels of U.S. soybeans over the prior six weeks, about 60% of 240 million bushels of old-crop business in that period. Total China commitments on the 2018 crop reached 20% of U.S. sales, far below the usual 60% pace. Total sales still came in below trade estimates.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60473-china-bulks-up-on-u-s-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sales running well behind the usual pace leave room for further Chinese buying, which supports U.S. soybean prices. Brazilian and Argentine supplies typically dominate China's second-half imports, which limits how far the U.S. recovery can go.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-23 | [USDA: China buys U.S. soybeans, pork - Brownfield Ag News](https://feedsoft.ai/events/58948-usda-china-buys-u-s-soybeans-pork-brownfield-ag-news.md) | +7.3% | +10.5% |
| SOY | 2026-02-20 | [Oilseeds: Soybeans pick up: Bulls bet on export hopes](https://feedsoft.ai/events/5503-oilseeds-soybeans-pick-up-bulls-bet-on-export-hopes.md) | +0.6% | +2.4% |
| SOY | 2017-10-12 | [Soybeans surge on bullish WASDE updates \| Feedstuffs](https://feedsoft.ai/events/68417-soybeans-surge-on-bullish-wasde-updates-feedstuffs.md) | +2.0% | +2.4% |
| SOY | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +4.1% | +3.5% |
| SOY | 2023-10-12 | [Soybeans jump higher on bullish WASDE data](https://feedsoft.ai/events/33589-soybeans-jump-higher-on-bullish-wasde-data.md) | +4.7% | +7.7% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/china-bulks-up-on-u-s-soybeans

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