# Soybeans Post Record Rally With Demand Gain Overshadowing Trade War - Bloomberg

> Soybean futures posted a record one-day gain on July 6 as the 25 percent Chinese tariffs on U.S. soybeans took effect. Chinese purchases had slowed, but U.S. beans became so cheap that other countries increased purchases, according to U.S. government data.

- Date: 2018-07-06 · published 2018-07-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64078-soybeans-post-record-rally-with-demand-gain-overshadowing-trade-war-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Cheap U.S. beans drew buyers from other countries, which supports export demand and limits downside, though China's absence keeps the broader market weak.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-06-30 | [Soybeans Spike on Chinese Demand, Record Huge Monthly Gain](https://feedsoft.ai/events/52676-soybeans-spike-on-chinese-demand-record-huge-monthly-gain.md) | +3.3% | +3.5% |
| SOY | 2022-06-10 | [Soybeans set for biggest weekly gain in 2 months on strong demand \| Financial Post](https://feedsoft.ai/events/40974-soybeans-set-for-biggest-weekly-gain-in-2-months-on-strong-demand-financial-post.md) | -3.4% | -7.2% |
| SOY | 2025-05-12 | [Soybeans Rally on Tuesday Following Weekend Trade Talks and Friendly USDA Data](https://feedsoft.ai/events/9505-soybeans-rally-on-tuesday-following-weekend-trade-talks-and-friendly-usda-data.md) | +0.6% | +1.1% |
| SOY | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +3.9% | +4.6% |
| SOY | 2022-02-03 | [U.S. Soybeans Are in High Demand as Brazil’s Crop Falls Short - Bloomberg](https://feedsoft.ai/events/12641-u-s-soybeans-are-in-high-demand-as-brazil-s-crop-falls-short-bloomberg.md) | +3.2% | +8.7% |
| SBM | 2026-10-26 | [China’s Soybean Buying Picks Up, But a Tariff Wall Still Blocks Full Trade Recovery](https://feedsoft.ai/events/14538-china-s-soybean-buying-picks-up-but-a-tariff-wall-still-blocks-full-trade.md) | -3.6% | — |
| SBM | 2019-10-23 | [Soybeans pare gains after surge on China demand prospects \| Financial Post](https://feedsoft.ai/events/56613-soybeans-pare-gains-after-surge-on-china-demand-prospects-financial-post.md) | -1.3% | -1.6% |
| SBM | 2019-06-25 | [China’s US soybean and pork imports down 55.3 per cent due to trade war, African swine fever \| South China Morning Post](https://feedsoft.ai/events/58593-china-s-us-soybean-and-pork-imports-down-55-3-per-cent-due-to-trade-war-african.md) | -4.0% | -3.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-07-06/soybeans-post-record-rally-as-demand-gain-overshadows-trade-war

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