# Chinese Buyers Ink $1.5 Billion of Contracts Prior to U.S. Soy Global Trade Exchange - U.S. Soybean Export Council

> A Chinese trade delegation opened the U.S. Soy Global Trade Exchange by signing contracts worth more than $1.5 billion of US soy. A separate delegation signed more than $5 billion of contracts in Des Moines, Iowa, the previous month.

- Date: 2017-08-22 · published 2017-08-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/69326-chinese-buyers-ink-1-5-billion-of-contracts-prior-to-u-s-soy-global-trade
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large forward purchase commitments from China support US soybean and soybean meal demand and help underpin prices. Contracts signed at trade events can still be cancelled or delayed, so the price effect depends on shipments.

## Read by commodity

- SBM: bullish ▲
- 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 | 2019-11-13 | [Chinese importers buy U.S. soybean cargoes despite ports congestion](https://feedsoft.ai/events/55906-chinese-importers-buy-u-s-soybean-cargoes-despite-ports-congestion.md) | +0.6% | -1.4% |
| SOY | 2018-03-03 | [China soybean buyers will cope if U.S. trade spat hits imports: New Hope](https://feedsoft.ai/events/65861-china-soybean-buyers-will-cope-if-u-s-trade-spat-hits-imports-new-hope.md) | -3.0% | -2.4% |
| SOY | 2019-09-16 | [China buys $67 million Worth of U.S. Soybeans as Trade War Eases](https://feedsoft.ai/events/56927-china-buys-67-million-worth-of-u-s-soybeans-as-trade-war-eases.md) | -0.2% | +5.8% |
| SOY | 2026-09-16 | [China's soybean buying revival boosts US export outlook; tariffs cloud prospects \| S&P Global](https://feedsoft.ai/events/14548-china-s-soybean-buying-revival-boosts-us-export-outlook-tariffs-cloud-prospects.md) | +0.5% | -2.7% |
| SBM | 2018-03-03 | [China soybean buyers will cope if U.S. trade spat hits imports: New Hope](https://feedsoft.ai/events/65861-china-soybean-buyers-will-cope-if-u-s-trade-spat-hits-imports-new-hope.md) | -4.7% | -3.3% |
| SBM | 2026-09-16 | [China's soybean buying revival boosts US export outlook; tariffs cloud prospects \| S&P Global](https://feedsoft.ai/events/14548-china-s-soybean-buying-revival-boosts-us-export-outlook-tariffs-cloud-prospects.md) | +2.5% | +4.2% |
| SBM | 2021-04-27 | [Chinese Demand Drives Global Soybean Trade - Trade Data Monitor](https://feedsoft.ai/events/47451-chinese-demand-drives-global-soybean-trade-trade-data-monitor.md) | -2.8% | -5.8% |

## Sources

- ussec.org: https://ussec.org/news/chinese-buyers-ink-1-5-million-contracts-prior-u-s-soy-global-trade-exchange/

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