# USDA confirms sale of 1.13 million tons of soybeans to China - Agweek | #1 source for agriculture news, farming, markets

> USDA confirmed China bought 1.13 million metric tons of U.S. soybeans, ending months of near-zero purchases under the 25% Chinese tariff. Officials expect the purchase to avoid the tariff if placed in China's strategic reserves.

- Date: 2018-12-13 · published 2018-12-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/61445-usda-confirms-sale-of-1-13-million-tons-of-soybeans-to-china-agweek-1-source
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Confirmed Chinese buying lifts U.S. soybean demand and prices, though tariff treatment of the purchase limits how much future trade will follow.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +1.5% | +0.5% |
| SOY | 2016-11-28 | [Soybeans rise 1.2 percent on strong U.S. exports, weaker dollar - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73899-soybeans-rise-1-2-percent-on-strong-u-s-exports-weaker-dollar-agweek-1-source.md) | -1.8% | -5.4% |
| SOY | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.1% | +3.0% |
| SOY | 2024-08-30 | [Demand provides strength to grain markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/28820-demand-provides-strength-to-grain-markets-agweek-1-source-for-agriculture-news.md) | +1.6% | +9.4% |
| SBM | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +4.0% | +2.2% |
| SBM | 2024-01-19 | [USDA confirms first big US soy sale to China since mid-December](https://feedsoft.ai/events/14779-usda-confirms-first-big-us-soy-sale-to-china-since-mid-december.md) | -0.6% | -5.1% |
| SBM | 2019-02-02 | [China's COFCO buys million-tonne batch of U.S. soybeans](https://feedsoft.ai/events/60472-china-s-cofco-buys-million-tonne-batch-of-u-s-soybeans.md) | -1.8% | -1.8% |

## Sources

- agweek.com: https://www.agweek.com/business/usda-confirms-sale-of-1-13-million-tons-of-soybeans-to-china

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