# U.S. soybean exports in prime spot for China buys - Morning Ag Clips

> Morning Ag Clips reports that China cancelled a U.S. soybean purchase the prior week, raising concern that Chinese buyers may hold back to lower prices. Global Commodity Analytics says Chinese soybean crushing margins are deeply negative and hog prices are at their lowest since early 2015. The analyst expects China to move toward hand-to-mouth buying if U.S. prices keep rising, with the U.S. in a strong position depending on Argentina's crop size.

- Date: 2018-02-20 · published 2018-02-20T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/66494-u-s-soybean-exports-in-prime-spot-for-china-buys-morning-ag-clips
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak crush margins and oversupplied hogs reduce Chinese demand for soybeans and soymeal, which pressures prices if purchases slow. A shift to hand-to-mouth buying would make U.S. export sales less predictable and could cap soybean rallies.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-06-23 | [U.S. fights with Brazil for China's giant soybean market](https://feedsoft.ai/events/14570-u-s-fights-with-brazil-for-china-s-giant-soybean-market.md) | -0.6% | +9.3% |
| SOY | 2021-03-04 | [ExportPlanning - A record year for US Soybeans - ExportPlanning](https://feedsoft.ai/events/47971-exportplanning-a-record-year-for-us-soybeans-exportplanning.md) | +0.1% | +1.8% |
| SOY | 2024-01-01 | [COMMENTARY: Massive Brazilian soybean exports too heavily leaning on China?](https://feedsoft.ai/events/32739-commentary-massive-brazilian-soybean-exports-too-heavily-leaning-on-china.md) | -4.2% | -5.8% |
| SOY | 2021-11-03 | [Argentina: Soybean exports in 2020/21 reached 33.1](https://feedsoft.ai/events/14073-argentina-soybean-exports-in-2020-21-reached-33-1.md) | -3.6% | -1.3% |
| SOY | 2018-09-21 | [For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war](https://feedsoft.ai/events/62891-for-bold-chinese-buyers-of-soybeans-bargain-u-s-prices-trump-trade-war.md) | +0.6% | +1.6% |
| SBM | 2018-09-12 | [China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying](https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying.md) | -4.4% | -0.2% |
| SBM | 2018-08-01 | [Why China’s pork producers can survive without US soybean imports \| South China Morning Post](https://feedsoft.ai/events/63551-why-china-s-pork-producers-can-survive-without-us-soybean-imports-south-china.md) | -2.5% | -11.9% |
| SBM | 2025-05-23 | [US farmers feel pain as soybean exports to China flatline despite tariff truce \| South China Morning Post](https://feedsoft.ai/events/14660-us-farmers-feel-pain-as-soybean-exports-to-china-flatline-despite-tariff-truce.md) | -0.3% | -4.4% |

## Sources

- morningagclips.com: https://www.morningagclips.com/u-s-soybean-exports-in-prime-spot-for-china-buys/

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