# UPDATE 3-China Inc returns to U.S. soybean market as trade tensions ease

> China's state grain stockpiler Sinograin asked traders for U.S. soybean offers for old and new crop shipments, its first enquiry since early April. The move followed Beijing's pledge to buy more U.S. goods, including farm products, to avert a trade war.

- Date: 2018-05-23 · published 2018-05-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/64910-update-3-china-inc-returns-to-u-s-soybean-market-as-trade-tensions-ease
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Renewed Chinese state buying of U.S. soybeans and DDGS would ease export pressure on U.S. supplies and support soybean and feed meal prices. The size of any purchases will determine how much of the earlier discount is recovered.

## Read by commodity

- SOY: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-09-16 | [China buys $67 million Worth of U.S. Soybeans as Trade War Eases](https://feedsoft.ai/events/56927-china-buys-67-million-worth-of-u-s-soybeans-as-trade-war-eases.md) | -0.2% | +5.8% |
| SOY | 2019-07-01 | [Forex markets: Dollar advances to 2-week high after US-China trade tensions ease](https://feedsoft.ai/events/58330-forex-markets-dollar-advances-to-2-week-high-after-us-china-trade-tensions-ease.md) | -2.7% | -1.6% |
| SOY | 2026-10-18 | [China Returns to U.S. Soybeans With Major Purchases After Trump-Xi Summit](https://feedsoft.ai/events/14543-china-returns-to-u-s-soybeans-with-major-purchases-after-trump-xi-summit.md) | -0.4% | — |
| SOY | 2023-07-17 | [China to buy more Brazilian soybeans for Q4 as U.S. crop suffers - traders \| Reuters](https://feedsoft.ai/events/14826-china-to-buy-more-brazilian-soybeans-for-q4-as-u-s-crop-suffers-traders-reuters.md) | +0.4% | -6.3% |
| SOY | 2020-02-02 | [China December soybean imports from US soar amid easing trade tensions - BusinessWorld Online](https://feedsoft.ai/events/54481-china-december-soybean-imports-from-us-soar-amid-easing-trade-tensions.md) | +1.1% | +2.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/23/reuters-america-update-3-china-inc-returns-to-u-s-soybean-market-as-trade-tensions-ease.html

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