# Soybean Prices Depend on China - Purdue Agricultural Economics

> Purdue economist Chris Hurt says U.S. soybean sales are down sharply this marketing year, with Chinese purchases down 98% through December 6 after tariffs made U.S. beans uncompetitive. Other regions have bought more, but not enough to offset the 772 million bushel drop in Chinese demand.

- Date: 2018-12-05 · published 2018-12-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/61595-soybean-prices-depend-on-china-purdue-agricultural-economics
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Losing China as the peak-season buyer leaves a record U.S. crop to find other markets, keeping pressure on soybean prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-09-22 | [Lack of China Demand Hammers US Soybean Oil Prices - TT](https://feedsoft.ai/events/22934-lack-of-china-demand-hammers-us-soybean-oil-prices-tt.md) | -1.1% | -0.6% |
| SOY | 2026-06-08 | [China soybean meal prices hit multi-year lows](https://feedsoft.ai/events/5194-china-soybean-meal-prices-hit-multi-year-lows.md) | -0.7% | +6.7% |
| SOY | 2020-10-29 | [Soybean prices slide on China's demand pause, COVID-19 resurgence: sources](https://feedsoft.ai/events/8195-soybean-prices-slide-on-china-s-demand-pause-covid-19-resurgence-sources.md) | +2.1% | +12.0% |
| SOY | 2024-07-15 | [China buys first US soybeans of 2024 crop season \| Agriculture Dive](https://feedsoft.ai/events/29284-china-buys-first-us-soybeans-of-2024-crop-season-agriculture-dive.md) | -3.3% | -9.4% |
| SOY | 2025-03-03 | [China soybean meal prices rise amid mutual duty discussions](https://feedsoft.ai/events/25659-china-soybean-meal-prices-rise-amid-mutual-duty-discussions.md) | -0.1% | +1.1% |
| SBM | 2026-06-08 | [China soybean meal prices hit multi-year lows](https://feedsoft.ai/events/5194-china-soybean-meal-prices-hit-multi-year-lows.md) | -4.9% | -1.6% |
| SBM | 2022-06-17 | [Soybean prices are falling amid declining demand from China 17.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/40976-soybean-prices-are-falling-amid-declining-demand-from-china-17-06-2022.md) | -0.3% | +12.3% |
| SBM | 2020-07-09 | [Big soybean imports, soymeal price to stay at low level - China Sugar and Soft Drink Report - CnAgri-China Agriculture Consultant](https://feedsoft.ai/events/11495-big-soybean-imports-soymeal-price-to-stay-at-low-level-china-sugar-and-soft.md) | -2.0% | -3.2% |

## Sources

- ag.purdue.edu: https://ag.purdue.edu/commercialag/home/paer-article/soybean-prices-depend-on-china/

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