# It's all about the bean

> Soybeans have become the focal point of rising U.S.-China trade tensions, with China reportedly studying restrictions on U.S. soybean imports in retaliation for U.S. tariffs on washing machines and solar panels. China buys about a third of the U.S. soybean crop, largely for its hog herd. Analysts describe soybean curbs as a worst-case scenario for Beijing given pork's importance to consumers.

- Date: 2018-02-15 · published 2018-02-15T12:00:00.000Z
- Category: geopolitics · region China · magnitude high
- Page: https://feedsoft.ai/events/66377-it-s-all-about-the-bean
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A possible Chinese soybean import curb would remove a large share of U.S. export demand, pressuring soybean and meal prices. Feed costs for hog and poultry producers could shift depending on how the dispute develops.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | +9.0% | +1.8% |
| SOY | 2022-11-02 | [After the Bell \| November 2, 2022 - Pro Farmer](https://feedsoft.ai/events/7226-after-the-bell-november-2-2022-pro-farmer.md) | +0.6% | +2.4% |
| SOY | 2023-10-03 | [After the Bell \| October 4, 2023 - Pro Farmer](https://feedsoft.ai/events/7143-after-the-bell-october-4-2023-pro-farmer.md) | -1.0% | +0.5% |
| SOY | 2022-02-25 | [After the Bell \| February 25, 2022 - Pro Farmer](https://feedsoft.ai/events/8524-after-the-bell-february-25-2022-pro-farmer.md) | +1.1% | +2.4% |
| SOY | 2026-07-27 | [Corn and Soybeans Fall on US Weather, Pause in US-Iran Strikes - Bloomberg](https://feedsoft.ai/events/8278-corn-and-soybeans-fall-on-us-weather-pause-in-us-iran-strikes-bloomberg.md) | -6.1% | -1.8% |
| SBM | 2022-07-21 | [After the Bell \| July 21, 2022 - Pro Farmer](https://feedsoft.ai/events/12604-after-the-bell-july-21-2022-pro-farmer.md) | +10.3% | +1.9% |
| SBM | 2023-10-03 | [After the Bell \| October 4, 2023 - Pro Farmer](https://feedsoft.ai/events/7143-after-the-bell-october-4-2023-pro-farmer.md) | +0.6% | +15.6% |
| SBM | 2022-02-25 | [After the Bell \| February 25, 2022 - Pro Farmer](https://feedsoft.ai/events/8524-after-the-bell-february-25-2022-pro-farmer.md) | -0.1% | +5.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-operations/it-s-all-about-the-bean

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