# U.S. soy exports won't return to pre-trade war levels for years, USDA says - Los Angeles Times

> USDA long-term projections show US soybean exports will not return to pre-trade-war levels until the 2026-27 season as South American competitors gain share. Chinese purchases have resumed but have been too small to offset lost sales, and Chicago soybean futures are down about 12% over the past year.

- Date: 2019-02-14 · published 2019-02-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/60621-u-s-soy-exports-won-t-return-to-pre-trade-war-levels-for-years-usda-says-los
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lost Chinese demand and growing South American competition point to weaker US soybean export prices for years, which weighs on soymeal costs for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | +0.4% | -3.8% |
| SOY | 2018-03-08 | [USDA Raises Corn Demand for Exports and Ethanol](https://feedsoft.ai/events/65955-usda-raises-corn-demand-for-exports-and-ethanol.md) | -2.5% | -2.3% |
| SOY | 2023-02-27 | [USDA Releases Lower Ag Export Forecast for 2023](https://feedsoft.ai/events/37388-usda-releases-lower-ag-export-forecast-for-2023.md) | +0.1% | -6.6% |
| SOY | 2022-11-30 | [USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports - Farm Policy News](https://feedsoft.ai/events/38741-usda-lowers-fy-2023-forecast-for-u-s-agricultural-exports-farm-policy-news.md) | -0.3% | +3.2% |
| SOY | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +1.5% | +7.7% |
| SBM | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | +0.1% | +2.2% |
| SBM | 2022-08-12 | [USDA Lowers Corn Production, Increases Soybean Production in August Reports](https://feedsoft.ai/events/39956-usda-lowers-corn-production-increases-soybean-production-in-august-reports.md) | -10.9% | -15.4% |
| SBM | 2024-11-08 | [US soybean trade with China already strained before Trump's return](https://feedsoft.ai/events/14705-us-soybean-trade-with-china-already-strained-before-trump-s-return.md) | -3.2% | -5.3% |

## Sources

- latimes.com: https://www.latimes.com/business/la-fi-soy-exports-trade-war-20190214-story.html

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