# China to buy U.S. soybeans to meet market demand | Iowa Agribusiness Radio Network

> A Chinese delegation travelled to Iowa to buy a record volume of US soybeans. USSEC said the purchase was driven by a short Argentine soybean crop, which forced Chinese crushers to buy more US beans. The purchase is part of the 100-day US-China trade negotiations.

- Date: 2017-07-11 · published 2017-07-11T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Chinese crushers needing extra US supply to cover a shortfall in Argentina supports US soybean prices. The scale of the planned purchase adds to export demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-13 | [Market analyst optimistic about Phase One trade deal \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/52987-market-analyst-optimistic-about-phase-one-trade-deal-iowa-agribusiness-radio.md) | -0.8% | +1.9% |
| SOY | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +2.2% | +2.0% |
| SOY | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -2.9% | -3.1% |
| 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 | 2026-10-09 | [China Needs $1.2B/Week in U.S. Ag Buys to Hit Trade Deal — Agribusiness Wire](https://feedsoft.ai/events/14540-china-needs-1-2b-week-in-u-s-ag-buys-to-hit-trade-deal-agribusiness-wire.md) | -2.2% | -4.4% |
| SBM | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -3.0% | -5.9% |
| 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 | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +2.9% | +4.6% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/china-to-buy-u-s-soybeans-to-meet-demand/

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