# CPO to gain from China’s soybean import tariff | The Star

> Analysts say China's 25% tariff on US soybeans is positive for crude palm oil as palm competes with soyoil in China and India. Bloomberg reported CBOT soybean futures fell as much as 5.3% on the tariff news, while wheat and corn also slid. Bursa June palm futures closed 18 ringgit higher at 2,454.

- Date: 2018-04-04 · published 2018-04-04T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

China's tariff makes US soybeans and soyoil costlier, which should shift Chinese demand toward palm oil and widen the palm-soy spread, while US soy complex prices fall.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-04-20 | [China's March soybean imports from U.S. fall from previous year](https://feedsoft.ai/events/14939-china-s-march-soybean-imports-from-u-s-fall-from-previous-year.md) | -0.7% | -2.2% |
| SOY | 2018-09-20 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/63015-inside-china-s-strategy-in-the-soybean-trade-war.md) | +2.4% | +6.7% |
| SOY | 2018-12-27 | [Inside China's strategy in the soybean trade war](https://feedsoft.ai/events/61593-inside-china-s-strategy-in-the-soybean-trade-war.md) | +3.5% | +6.4% |
| SOY | 2023-09-22 | [China cuts soybean purchases from the US in August](https://feedsoft.ai/events/14811-china-cuts-soybean-purchases-from-the-us-in-august.md) | +0.5% | +1.7% |
| SOY | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.1% | -0.6% |
| SBO | 2018-07-12 | [Importers snap up cheap U.S. soybeans as China stops buying](https://feedsoft.ai/events/5850-importers-snap-up-cheap-u-s-soybeans-as-china-stops-buying.md) | -0.9% | +0.4% |
| SBO | 2018-04-06 | [Short-Term Palm Boost After China Tariff on US Soybeans: Traders](https://feedsoft.ai/events/65607-short-term-palm-boost-after-china-tariff-on-us-soybeans-traders.md) | -0.5% | -3.8% |
| SBO | 2022-08-15 | [Demand for grain and soybean derivatives from the US and BR increases - Revista Cultivar](https://feedsoft.ai/events/6710-demand-for-grain-and-soybean-derivatives-from-the-us-and-br-increases-revista.md) | -2.4% | +1.1% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/04/05/cpo-to-gain-from-chinas-soybean-import-tariff/

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