# As China soy demand wavers, U.S. farmers turn back to grains

> US farmers are expected to shift acreage back toward corn and wheat in 2019 after planting a record soybean area this year. China has bought almost no US soybeans for months because of the trade war, pushing soybean prices to a decade low. USDA's first 2019 planting estimate was due later that day.

- Date: 2018-11-02 · published 2018-11-02T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected acreage shifts toward corn and wheat in 2019 point to larger future supplies of those grains, which is bearish for them, while soybean supply tightens less than the current glut suggests.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| SOY | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -4.4% | +1.8% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| 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 | 2021-09-24 | [China's soybean demand in Q4 set to slacken as crushers face power cuts: trade](https://feedsoft.ai/events/45137-china-s-soybean-demand-in-q4-set-to-slacken-as-crushers-face-power-cuts-trade.md) | -2.2% | -4.7% |
| CORN | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -0.0% | +5.6% |
| CORN | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +2.4% | +3.2% |
| CORN | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +1.0% | +1.3% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains-118110200977_1.html

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