# Long Line of Soy Ships Sets the Scene for Trump, Xi Dinner Date - Bloomberg

> A long line of soybean ships is waiting off South America ahead of a Trump-Xi dinner. China is avoiding American-grown beans due to tit-for-tat tariffs, and those cargoes are being rerouted to Argentina partly because drought cut domestic supplies. Argentina is the largest soymeal exporter but has not been a major importer of U.S. soybeans until now.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/61889-long-line-of-soy-ships-sets-the-scene-for-trump-xi-dinner-date-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rerouting U.S. beans to Argentina shifts export flows and widens the basis gap between U.S. and South American soybeans, while a possible trade deal could reverse the flows and lift U.S. prices.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-07 | [China's Shopping List in America Has These Farm Goods at the Top - Bloomberg](https://feedsoft.ai/events/59968-china-s-shopping-list-in-america-has-these-farm-goods-at-the-top-bloomberg.md) | -0.1% | +1.0% |
| SOY | 2019-10-28 | [The fine print of Trump's China tariff deal - Brownfield Ag News](https://feedsoft.ai/events/56429-the-fine-print-of-trump-s-china-tariff-deal-brownfield-ag-news.md) | +0.4% | -2.5% |
| SOY | 2018-09-21 | [For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war](https://feedsoft.ai/events/62891-for-bold-chinese-buyers-of-soybeans-bargain-u-s-prices-trump-trade-war.md) | +0.6% | +1.6% |
| SOY | 2019-02-12 | [Financial, forex trading to be muted on looming US-China trade deadline](https://feedsoft.ai/events/60863-financial-forex-trading-to-be-muted-on-looming-us-china-trade-deadline.md) | -0.5% | -2.2% |
| SOY | 2019-03-11 | [Argentine soymeal factories take the brunt of trade war and taxes - DatamarNews](https://feedsoft.ai/events/60157-argentine-soymeal-factories-take-the-brunt-of-trade-war-and-taxes-datamarnews.md) | +2.9% | +1.7% |
| SBM | 2026-03-03 | [US, China trade chiefs to meet mid-March before Trump-Xi summit, Bloomberg News reports \| Reuters](https://feedsoft.ai/events/14597-us-china-trade-chiefs-to-meet-mid-march-before-trump-xi-summit-bloomberg-news.md) | +0.6% | +1.3% |
| SBM | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.7% | +1.1% |
| SBM | 2017-04-06 | [US Agriculture Bets the Farm on Chinese Soy Demand](https://feedsoft.ai/events/71362-us-agriculture-bets-the-farm-on-chinese-soy-demand.md) | +0.9% | +1.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-11-28/rosario-reports-bottleneck-of-vessels-waiting-to-unload-u-s-soy

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