# Weekly Export Report - China buys more soybeans | Farm Progress

> USDA export sales showed China bought a net 16.7 million bushels of old-crop US soybeans in one week, just weeks before the marketing year ends on August 31. Total old-crop sales and shipments exceed USDA's forecast by nearly 50 million bushels, though shipments are running slightly slower than average.

- Date: 2017-08-17 · published 2017-08-17T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/69323-weekly-export-report-china-buys-more-soybeans-farm-progress
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong late old-crop Chinese buying tightens nearby US soybean supplies and supports prices. Some of these purchases may shift into new-crop positions, which would support later delivery prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +5.5% | +2.2% |
| SOY | 2022-10-13 | [USDA exports –China, unknown buys soybeans - Big River Resources](https://feedsoft.ai/events/14898-usda-exports-china-unknown-buys-soybeans-big-river-resources.md) | -1.7% | +4.6% |
| SOY | 2022-09-22 | [U.S. Weekly Export Sales to China Notable in Wheat, Meats - Pro Farmer](https://feedsoft.ai/events/14904-u-s-weekly-export-sales-to-china-notable-in-wheat-meats-pro-farmer.md) | -3.6% | -6.1% |
| SOY | 2017-03-30 | [WEEKLY EXPORT REPORT: Soybean, wheat sales inch up, corn slips](https://feedsoft.ai/events/71845-weekly-export-report-soybean-wheat-sales-inch-up-corn-slips.md) | -2.6% | -2.4% |
| SBM | 2021-06-25 | [China Buys More U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/46618-china-buys-more-u-s-soybeans-red-river-farm-network.md) | +8.2% | +3.9% |
| SBM | 2022-03-02 | [EXCLUSIVE China buys U.S. soybeans on good profits, despite peak Brazil export season](https://feedsoft.ai/events/14946-exclusive-china-buys-u-s-soybeans-on-good-profits-despite-peak-brazil-export.md) | +5.4% | +1.0% |
| SBM | 2017-06-20 | [China may buy record volume of U.S. soybeans](https://feedsoft.ai/events/70349-china-may-buy-record-volume-of-u-s-soybeans.md) | -2.5% | +7.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/weekly-export-report-china-buys-more-soybeans

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