# In US Soybean Splurge, Beijing Faces Tough Sell To Saturated Market | ESM Magazine

> Chinese state-owned firms have been asked to resume buying US soybeans, but crushers and traders say purchases are unprofitable given high US prices and ample Brazilian stocks. China's soybean stockpiles rose to 7.01 million tonnes and soymeal inventory is near a nine-month high.

- Date: 2018-05-25 · published 2018-05-25T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/64997-in-us-soybean-splurge-beijing-faces-tough-sell-to-saturated-market-esm-magazine
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Uncertain Chinese buying of US beans with large existing stocks limits upside for US soybeans and meal, while Brazilian supply remains the cheaper alternative.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-16 | [Rising US soybean crush set to face off with Argentine supplies into 2025](https://feedsoft.ai/events/13926-rising-us-soybean-crush-set-to-face-off-with-argentine-supplies-into-2025.md) | +2.7% | -2.0% |
| SOY | 2019-10-30 | [Soybean Prices are a Proxy for How the Trade War is Going - Global Trade Magazine](https://feedsoft.ai/events/56614-soybean-prices-are-a-proxy-for-how-the-trade-war-is-going-global-trade-magazine.md) | +0.4% | -3.7% |
| SOY | 2018-04-10 | [Beijing to watch soybean supplies closely as tariff plan triggers price surge](https://feedsoft.ai/events/65498-beijing-to-watch-soybean-supplies-closely-as-tariff-plan-triggers-price-surge.md) | -0.5% | -4.3% |
| SOY | 2025-05-13 | [US farmers say Brazil keeps edge in China's soy market despite trade truce \| Reuters](https://feedsoft.ai/events/9507-us-farmers-say-brazil-keeps-edge-in-china-s-soy-market-despite-trade-truce.md) | -1.4% | -0.8% |
| SOY | 2025-12-05 | [Looking at the US soybean sales to China \| MEAT+POULTRY](https://feedsoft.ai/events/14619-looking-at-the-us-soybean-sales-to-china-meat-poultry.md) | -2.3% | -6.5% |
| SBM | 2020-01-31 | [Beijing is in control of global soybean market - Manitoba Co-operator](https://feedsoft.ai/events/55112-beijing-is-in-control-of-global-soybean-market-manitoba-co-operator.md) | -1.1% | +2.4% |
| SBM | 2024-05-16 | [Rising US soybean crush set to face off with Argentine supplies into 2025](https://feedsoft.ai/events/13926-rising-us-soybean-crush-set-to-face-off-with-argentine-supplies-into-2025.md) | +1.5% | -3.6% |
| SBM | 2017-12-28 | [As World Eats More Meat, US Soy Losing Battle To Feed Animals \| ESM Magazine](https://feedsoft.ai/events/67499-as-world-eats-more-meat-us-soy-losing-battle-to-feed-animals-esm-magazine.md) | +0.5% | +6.8% |

## Sources

- esmmagazine.com: https://www.esmmagazine.com/supply-chain/us-soybean-splurge-beijing-faces-tough-sell-saturated-market-60189

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