# When it comes to soy, China is getting more from the trade truce

> China has bought roughly half of the roughly 10 million metric tons of U.S. soybeans expected after the trade truce struck last month, according to reports. Chicago futures rallied around the accord but have since retreated as China's benefits became clearer.

- Date: 2019-01-21 · published 2019-01-21T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/61131-when-it-comes-to-soy-china-is-getting-more-from-the-trade-truce
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower-than-expected Chinese U.S. purchases weigh on U.S. soybean prices, while the narrowed Brazil premium (from about $20 to $4 a ton) reduces the cost advantage of U.S. beans for Chinese buyers.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-14 | [Why U.S. growers are betting the farm on soybeans amid China trade war](https://feedsoft.ai/events/8266-why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war.md) | +1.9% | +1.5% |
| SOY | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +1.2% | +0.4% |
| SOY | 2018-07-12 | [Fall in soybean prices from China trade spat leaves farmers struggling](https://feedsoft.ai/events/5851-fall-in-soybean-prices-from-china-trade-spat-leaves-farmers-struggling.md) | +1.5% | +7.7% |
| SOY | 2018-07-11 | [Why US-China trade war is weakening the South African rand \| CNBC Africa](https://feedsoft.ai/events/64325-why-us-china-trade-war-is-weakening-the-south-african-rand-cnbc-africa.md) | -1.5% | +4.3% |
| SOY | 2018-09-20 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/63015-inside-china-s-strategy-in-the-soybean-trade-war.md) | +2.4% | +6.7% |
| SBM | 2018-11-09 | [If we want our food to be truly sustainable, we need to be able to tell where it comes from \| SEI](https://feedsoft.ai/events/62077-if-we-want-our-food-to-be-truly-sustainable-we-need-to-be-able-to-tell-where-it.md) | -0.2% | +0.6% |
| SBM | 2018-11-22 | [Trump's China trade war forces U.S. soybeans to take costly detour](https://feedsoft.ai/events/62091-trump-s-china-trade-war-forces-u-s-soybeans-to-take-costly-detour.md) | +0.1% | -0.3% |
| SBM | 2019-10-30 | [Soybean Prices are a Proxy for How the Trade War is Going - Global Trade Magazine](https://feedsoft.ai/events/56614-soybean-prices-are-a-proxy-for-how-the-trade-war-is-going-global-trade-magazine.md) | -0.1% | -2.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/when-it-comes-to-soy-china-is-getting-more-from-the-trade-truce

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