# China not purchasing soybeans from the U.S. is not new

> North Dakota growers were told China routinely buys US soybeans during the harvest season and then shifts to South America, so the reported pause is not unusual. Soybeans fell about 12 cents on May 4 mainly because the Argentine peso collapsed over 10% and pressured soybean meal.

- Date: 2018-05-04 · published 2018-05-04T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Weaker Argentine currency pressures soybean meal and futures, while strong global demand and poor South American crops support US export sales.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | -3.0% | -6.7% |
| SOY | 2019-06-11 | [For China's yuan, the path toward 7 per dollar is now wide open \| The Straits Times](https://feedsoft.ai/events/58818-for-china-s-yuan-the-path-toward-7-per-dollar-is-now-wide-open-the-straits-times.md) | +6.3% | +2.8% |
| SOY | 2026-10-26 | [Soybeans Hit 2-Month Low as Lula’s Win Lifts China Trade Outlook](https://feedsoft.ai/events/17149-soybeans-hit-2-month-low-as-lula-s-win-lifts-china-trade-outlook.md) | -1.5% | — |
| SOY | 2022-02-28 | [Soymeal Demand Slowing in China](https://feedsoft.ai/events/42704-soymeal-demand-slowing-in-china.md) | +5.4% | +7.5% |
| SOY | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | -0.4% | +4.5% |
| SBM | 2026-10-29 | [The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |
| SBM | 2023-10-10 | [Argentina’s Currency Plummets Under Attack from Far-Right Candidate - The New York Times](https://feedsoft.ai/events/33938-argentina-s-currency-plummets-under-attack-from-far-right-candidate-the-new.md) | +4.8% | +18.2% |
| SBM | 2022-02-28 | [Soymeal Demand Slowing in China](https://feedsoft.ai/events/42704-soymeal-demand-slowing-in-china.md) | +4.2% | +9.0% |

## Sources

- kfyrtv.com: https://www.kfyrtv.com/content/news/China-not-purchasing-soybeans-from-the-US-is-not-new-481796721.html

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