# Trade war means much of America's soybean harvest will go unsold - UPI.com

> Economists expect much of the record 2018 U.S. soybean harvest to go unsold after China, the former top buyer, placed high tariffs on U.S. soybeans in July. The unsold crop will have to stay in storage, and the administration announced aid for farmers.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63065-trade-war-means-much-of-america-s-soybean-harvest-will-go-unsold-upi-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record stocks building in storage due to lost Chinese export demand is bearish for soybeans and meal, and it raises the cost of carry and basis weakness for the 2018/19 marketing year.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-01 | [The bean at the heart of America's trade war](https://feedsoft.ai/events/63573-the-bean-at-the-heart-of-america-s-trade-war.md) | -1.6% | -9.2% |
| SOY | 2025-02-26 | [CBOT soybeans fall on South America harvest, tariff worries — TradingView News](https://feedsoft.ai/events/26108-cbot-soybeans-fall-on-south-america-harvest-tariff-worries-tradingview-news.md) | -4.6% | -2.9% |
| 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 | 2018-12-27 | [As trade war crushes China's soybean mills, U.S. rivals make hay](https://feedsoft.ai/events/61545-as-trade-war-crushes-china-s-soybean-mills-u-s-rivals-make-hay.md) | +3.5% | +6.4% |
| 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% |
| SBM | 2018-08-01 | [The bean at the heart of America's trade war](https://feedsoft.ai/events/63573-the-bean-at-the-heart-of-america-s-trade-war.md) | -2.5% | -11.9% |
| SBM | 2025-02-26 | [CBOT soybeans fall on South America harvest, tariff worries — TradingView News](https://feedsoft.ai/events/26108-cbot-soybeans-fall-on-south-america-harvest-tariff-worries-tradingview-news.md) | -2.1% | +0.9% |
| 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

- upi.com: https://www.upi.com/Top_News/US/2018/09/24/Trade-war-means-much-of-Americas-soybean-harvest-will-go-unsold/7911537807505/

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