# U.S. Farmer Represents U.S. Soy During Signing Ceremonies in China - U.S. Soybean Export Council

> The U.S. Soybean Export Council signed a letter of intent with China's CFNA for 8 million tonnes of U.S. soybeans worth $3.4 billion on November 8. A separate 4 million tonne, $1.6 billion agreement between ADM and COFCO was signed on November 9, and total Chinese commitments for 2017/18 reached $11.57 billion.

- Date: 2017-11-13 · published 2017-11-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/67858-u-s-farmer-represents-u-s-soy-during-signing-ceremonies-in-china-u-s-soybean
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Committed volumes of this size strengthen expected Chinese soybean import demand from the U.S. for 2017/18, which is supportive for soybean prices.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-24 | [China – U.S. Agriculture Companies Sign 11 Purchase Contracts/Agreements - U.S. Soybean Export Council](https://feedsoft.ai/events/14807-china-u-s-agriculture-companies-sign-11-purchase-contracts-agreements-u-s.md) | -0.3% | +6.3% |
| SOY | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +5.3% | +6.9% |
| SOY | 2018-04-23 | [Steady Growth Demand for Feed and Protein Meals in Romania Signals Opportunities for U.S. Soy - U.S. Soybean Export Council](https://feedsoft.ai/events/65630-steady-growth-demand-for-feed-and-protein-meals-in-romania-signals.md) | +1.6% | -2.9% |
| SOY | 2017-10-27 | [US export report: China buys soybeans / Spain buys](https://feedsoft.ai/events/68330-us-export-report-china-buys-soybeans-spain-buys.md) | +1.8% | +2.3% |
| SOY | 2017-08-17 | [Weekly Export Report - China buys more soybeans \| Farm Progress](https://feedsoft.ai/events/69323-weekly-export-report-china-buys-more-soybeans-farm-progress.md) | +1.4% | +4.9% |

## Sources

- ussec.org: https://ussec.org/news/u-s-farmer-represents-u-s-soy-signing-ceremonies-china/

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