# Soybean trade scorecard

> Shipment data since July shows Brazil and the US both sold more soybeans despite Chinese tariffs. Brazilian October originations traded at a 27% premium to Gulf origins, enough to offset the 25% tariff if China allows, while China is pushing to cut soybean imports about 10%.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62896-soybean-trade-scorecard
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Redirected flows to Brazil and cheap US fire-sale supplies cap soybean prices, while China's stated plan to reduce soymeal-heavy feed use signals lasting weaker demand for soybean meal.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-14 | [Trade delay slaps soybeans](https://feedsoft.ai/events/8269-trade-delay-slaps-soybeans.md) | +1.9% | +1.5% |
| SOY | 2018-01-16 | [For US Soybean Growers, Trade War Is Here](https://feedsoft.ai/events/66856-for-us-soybean-growers-trade-war-is-here.md) | +4.3% | +6.1% |
| SOY | 2018-12-27 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/61593-inside-china-s-strategy-in-the-soybean-trade-war.md) | +3.5% | +6.4% |
| SOY | 2018-09-20 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/63015-inside-china-s-strategy-in-the-soybean-trade-war.md) | +2.4% | +6.7% |
| SOY | 2019-03-28 | [Soybean squeeze](https://feedsoft.ai/events/59967-soybean-squeeze.md) | +1.3% | -3.2% |
| SBM | 2018-01-16 | [For US Soybean Growers, Trade War Is Here](https://feedsoft.ai/events/66856-for-us-soybean-growers-trade-war-is-here.md) | +9.3% | +15.5% |
| SBM | 2018-09-20 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/63015-inside-china-s-strategy-in-the-soybean-trade-war.md) | +0.4% | +5.6% |
| SBM | 2018-12-27 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/61593-inside-china-s-strategy-in-the-soybean-trade-war.md) | +3.1% | +3.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/soybean-trade-scorecard

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