# U.S. experiences 'soybean backup' as exporters struggle to sell - UPI.com

> US soybean exporters are struggling to sell beans after China stopped buying due to high tariffs. Shippers are trucking beans long distances to Mississippi River barges or Gulf and East Coast ports to reach new buyers in Europe, South America and Africa.

- Date: 2018-10-29 · published 2018-10-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62592-u-s-experiences-soybean-backup-as-exporters-struggle-to-sell-upi-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Lost Chinese demand leaves soybean supplies unsold and forces costly rerouting, which pressures cash prices and raises freight costs. Exporters must find new buyers at lower prices.

## Read by commodity

- SOY: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-12 | [Importers snap up cheap U.S. soybeans as China stops buying](https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying.md) | +1.5% | +7.7% |
| SOY | 2019-06-04 | [U.S. soy exporters struggle with huge China export commitments in midst of trade war - CTRM Center](https://feedsoft.ai/events/58485-u-s-soy-exporters-struggle-with-huge-china-export-commitments-in-midst-of-trade.md) | -2.3% | +0.7% |
| SOY | 2023-05-31 | [Soybean exporters sell record-high US$1 billion in one day - Buenos Aires Herald](https://feedsoft.ai/events/36239-soybean-exporters-sell-record-high-us-1-billion-in-one-day-buenos-aires-herald.md) | +4.4% | +11.9% |
| SOY | 2020-06-23 | [Column: Does China still need U.S. soybeans after Brazil's export bonanza? - Braun \| Reuters](https://feedsoft.ai/events/52673-column-does-china-still-need-u-s-soybeans-after-brazil-s-export-bonanza-braun.md) | -1.1% | +2.3% |
| SOY | 2019-11-06 | [Panamax rates slide as trade war bites into US soybean exports to China](https://feedsoft.ai/events/56287-panamax-rates-slide-as-trade-war-bites-into-us-soybean-exports-to-china.md) | -1.7% | -4.7% |

## Sources

- upi.com: https://www.upi.com/Top_News/US/2018/10/29/US-experiences-soybean-backup-as-exporters-struggle-to-sell/4021540817263/

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