# The bean at the heart of America's trade war

> The BBC explains how US soybean producers face losing their largest export market, China, after Beijing imposed heavy tariffs in response to US tariffs. Trump announced a $12 billion farm aid plan and said the EU would buy more US soybeans. China accounts for about 60% of global soybean trade, largely to feed livestock.

- Date: 2018-08-01 · published 2018-08-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63573-the-bean-at-the-heart-of-america-s-trade-war
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Loss of Chinese demand for US soybeans forces redirection of supply to other buyers, keeping US soy prices under pressure relative to Brazilian origin.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-09-24 | [Trade war means much of America's soybean harvest will go unsold - UPI.com](https://feedsoft.ai/events/63065-trade-war-means-much-of-america-s-soybean-harvest-will-go-unsold-upi-com.md) | -0.2% | +1.1% |
| SOY | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | -1.8% | -4.1% |
| SOY | 2019-01-08 | [Dry Bulk Shipping: The Effect of the Trade War](https://feedsoft.ai/events/61285-dry-bulk-shipping-the-effect-of-the-trade-war.md) | -2.4% | +0.9% |
| 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% |
| 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% |
| SBM | 2018-09-24 | [Trade war means much of America's soybean harvest will go unsold - UPI.com](https://feedsoft.ai/events/63065-trade-war-means-much-of-america-s-soybean-harvest-will-go-unsold-upi-com.md) | -0.2% | +2.4% |
| 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% |

## Sources

- bbc.com: https://www.bbc.com/news/world-44983950

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