# Frozen Out of China, U.S. Soybean Farmers Refuse to Sell - Caixin Global

> US soybean farmers are holding harvested beans in silos, bins and improvised storage rather than selling, hoping China returns to the market. Soybeans fetched $8.87 a bushel on the Friday cited, about $2 below pre-tariff levels. Record production is straining storage and raising spoilage risk.

- Date: 2018-11-13 · published 2018-11-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62093-frozen-out-of-china-u-s-soybean-farmers-refuse-to-sell-caixin-global
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Farmer holding of unsold beans delays supply to the market and keeps cash prices depressed, though spoilage risk and the chance of a China deal could shift the balance quickly.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-14 | [Europe Buys More U.S. Soybeans as Exports to China Plunge - Caixin Global](https://feedsoft.ai/events/8268-europe-buys-more-u-s-soybeans-as-exports-to-china-plunge-caixin-global.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 | 2018-03-29 | [Chinese soybean tariffs would hurt U.S. soybean farmers](https://feedsoft.ai/events/65865-chinese-soybean-tariffs-would-hurt-u-s-soybean-farmers.md) | +1.3% | +1.0% |
| SOY | 2018-04-17 | [China tariffs spark shake-up of global soybean trade flows](https://feedsoft.ai/events/65372-china-tariffs-spark-shake-up-of-global-soybean-trade-flows.md) | -2.0% | -2.8% |
| SOY | 2018-10-22 | [Damaged soybean crop hits farmers reeling from U.S.-China trade war \| Farmtario](https://feedsoft.ai/events/62590-damaged-soybean-crop-hits-farmers-reeling-from-u-s-china-trade-war-farmtario.md) | -1.4% | +4.1% |
| SBM | 2018-10-16 | [Two Boatloads of U.S. Soybeans on Their Way to China Despite Tariffs - Caixin Global](https://feedsoft.ai/events/62398-two-boatloads-of-u-s-soybeans-on-their-way-to-china-despite-tariffs-caixin.md) | -4.3% | -6.5% |
| SBM | 2019-03-14 | [Europe Buys More U.S. Soybeans as Exports to China Plunge - Caixin Global](https://feedsoft.ai/events/8268-europe-buys-more-u-s-soybeans-as-exports-to-china-plunge-caixin-global.md) | +3.8% | +3.3% |
| SBM | 2018-04-17 | [China tariffs spark shake-up of global soybean trade flows](https://feedsoft.ai/events/65372-china-tariffs-spark-shake-up-of-global-soybean-trade-flows.md) | -1.6% | +3.2% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2018-11-13/frozen-out-of-china-us-soybean-farmers-refuse-to-sell-101346462.html

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