# Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil

> China's soybean processors are buying record volumes of Brazilian cargoes for fourth-quarter shipment while curbing U.S. purchases during North America's peak marketing season. The trade war between Washington and Beijing is intensifying.

- Date: 2018-09-26 · published 2018-09-26T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

China takes over 60% of world soybean trade, so a shift to Brazilian supply weakens U.S. export demand and pressures Chicago benchmark prices already at 10-year lows.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -1.6% | -9.2% |
| SOY | 2026-02-01 | [China Turns to Cheaper Brazil Soybeans After Meeting US Pledge](https://feedsoft.ai/events/21081-china-turns-to-cheaper-brazil-soybeans-after-meeting-us-pledge.md) | +4.8% | +8.1% |
| SBM | 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) | +3.8% | +3.3% |
| SBM | 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) | +1.1% | -2.1% |
| SBM | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -2.5% | -11.9% |

## Sources

- gulf-times.com: https://www.gulf-times.com/story/607508/crop-chop-china-shuns-us-soybeans-amid-trade-war
- reuters.com: https://www.reuters.com/article/us-usa-trade-china-soybeans/crop-chop-china-shuns-us-soybeans-amid-trade-war-turns-to-brazil-idUSKCN1M60UT/

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