# Their Soybeans Piling Up, Farmers Hope Trade War Ends Before Beans Rot - The New York Times

> Chinese buyers have almost stopped purchasing U.S. soybeans, and U.S. soybean sales to China were reported down 94% from last year through mid-October. Farmers are holding piled-up beans and hope the trade war ends before the crop spoils.

- Date: 2018-11-05 · published 2018-11-05T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/61937-their-soybeans-piling-up-farmers-hope-trade-war-ends-before-beans-rot-the-new
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Idle, unsold U.S. soybean supplies keep storage costs high and cash prices weak until export demand returns.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2018-10-29 | [Soybean, pork farmers hurt most by trade war](https://feedsoft.ai/events/62549-soybean-pork-farmers-hurt-most-by-trade-war.md) | +3.6% | +2.0% |
| 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 | 2020-01-09 | [New Data: U.S. Soybean Farmers Lost 2nd Year To China Trade War](https://feedsoft.ai/events/55115-new-data-u-s-soybean-farmers-lost-2nd-year-to-china-trade-war.md) | -1.0% | -6.1% |
| SOY | 2019-08-22 | [On the front lines: Trade war sinks North Dakota soybean farmers](https://feedsoft.ai/events/57612-on-the-front-lines-trade-war-sinks-north-dakota-soybean-farmers.md) | -0.9% | +3.8% |

## Sources

- nytimes.com: https://www.nytimes.com/2018/11/05/business/soybeans-farmers-trade-war.html

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