# Soybean Futures Rise on China Purchase Plans  - WSJ

> China agreed to purchase 5 million tons of US soybeans, announced in Washington, nearly doubling the average monthly quantity Chinese importers bought in 2016 and 2017. Officials were skeptical the purchase would substantially reduce a projected record US soybean stockpile.

- Date: 2019-02-01 · published 2019-02-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/60618-soybean-futures-rise-on-china-purchase-plans-wsj
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A large Chinese buy supports US soybean export demand and prices, though the size of the record stock overhang limits the upside.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-03 | [Soybean Futures Bounce Back After China Restarts Purchases](https://feedsoft.ai/events/56615-soybean-futures-bounce-back-after-china-restarts-purchases.md) | +1.1% | +0.2% |
| SOY | 2025-11-17 | [Soybean Futures Rebound on Signs China Is Ramping Up Purchases - Bloomberg](https://feedsoft.ai/events/7887-soybean-futures-rebound-on-signs-china-is-ramping-up-purchases-bloomberg.md) | +1.1% | -3.7% |
| SOY | 2019-09-13 | [China's soybean purchase keeps rally alive](https://feedsoft.ai/events/10854-china-s-soybean-purchase-keeps-rally-alive.md) | +1.1% | +4.6% |
| SOY | 2020-03-25 | [China's purchase of US soybeans spike in Jan-Feb under phase one deal](https://feedsoft.ai/events/53995-china-s-purchase-of-us-soybeans-spike-in-jan-feb-under-phase-one-deal.md) | -0.1% | -5.9% |
| SOY | 2026-02-05 | [Soybeans Rally on Additional China Purchases: Will They Really Buy? - AgWeb](https://feedsoft.ai/events/20642-soybeans-rally-on-additional-china-purchases-will-they-really-buy-agweb.md) | +2.9% | +6.5% |
| SBM | 2020-03-25 | [China's purchase of US soybeans spike in Jan-Feb under phase one deal](https://feedsoft.ai/events/53995-china-s-purchase-of-us-soybeans-spike-in-jan-feb-under-phase-one-deal.md) | -3.2% | -13.2% |
| SBM | 2020-06-02 | [China buys U.S. soybeans after halt to U.S. purchases ordered: sources](https://feedsoft.ai/events/52462-china-buys-u-s-soybeans-after-halt-to-u-s-purchases-ordered-sources.md) | +1.9% | -0.9% |
| SBM | 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) | -0.8% | +8.2% |

## Sources

- wsj.com: https://www.wsj.com/articles/soybean-futures-rise-on-china-purchase-plans-11549037765?reflink=e2twmkts

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