# As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets

> Chinese buyers canceled purchases of nearly $140 million of U.S. soybeans just before tit-for-tat tariffs took effect. Farm groups for hogs, soybeans and wheat say members face hard times, and Canada, Mexico and the EU have also imposed tariffs on U.S. farm goods.

- Date: 2018-07-09 · published 2018-07-09T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Cancelled Chinese orders and retaliatory tariffs across several markets cut export demand for U.S. soybeans and related feed products, which is bearish for U.S. soybean prices and supports a search for new buyers.

## Read by commodity

- SOY: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2018-07-12 | 5 | -6.9% | -3.0 | Chinese buyers cancelled about $140 million of US soybean purchases just before tariffs took effect, a direct demand loss that weighed on prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +0.0% | +3.1% |
| SOY | 2025-03-04 | [China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets](https://feedsoft.ai/events/8147-china-announces-new-duties-on-us-agricultural-imports-as-us-tariffs-take-effect.md) | +0.2% | +1.7% |
| SOY | 2025-03-04 | [China slaps extra tariffs of up to 15% on imports of major US farm exports \| AP News](https://feedsoft.ai/events/14677-china-slaps-extra-tariffs-of-up-to-15-on-imports-of-major-us-farm-exports-ap.md) | +0.2% | +1.7% |
| SOY | 2018-07-18 | [Soymeal Market Remains Calm in China Despite Tariffs](https://feedsoft.ai/events/64010-soymeal-market-remains-calm-in-china-despite-tariffs.md) | +2.2% | +3.0% |
| SOY | 2024-03-25 | [Trump tariffs create risks for US ag exports \| Latest Market News](https://feedsoft.ai/events/14770-trump-tariffs-create-risks-for-us-ag-exports-latest-market-news.md) | -0.6% | -2.6% |
| WHEAT | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +1.9% | +0.3% |
| WHEAT | 2025-03-04 | [China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets](https://feedsoft.ai/events/8147-china-announces-new-duties-on-us-agricultural-imports-as-us-tariffs-take-effect.md) | +0.1% | +2.8% |
| WHEAT | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | -2.9% | +4.7% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/as-tariffs-bite-china-cancels-us-soy-deals-and-hunt-is-on-for-new-export-markets

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