# U.S. aims to expand soybean sales

> The U.S. is seeking to further expand soybean sales to China despite strong existing growth in shipments. China's approval process for new biotech products is slow, and public opposition to GMOs remains strong. A 100-day trade action plan includes a China review of eight pending U.S. biotech applications, two of them for soybean products.

- Date: 2017-05-17 · published 2017-05-17T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/70883-u-s-aims-to-expand-soybean-sales
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Faster Chinese approval of GMO soybean traits would support export demand for U.S. beans, while continued delays keep a regulatory risk premium on the trade.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-10-27 | [U.S. grains: Soybeans rise on export sales, soymeal gains - Grainews](https://feedsoft.ai/events/9239-u-s-grains-soybeans-rise-on-export-sales-soymeal-gains-grainews.md) | -3.3% | +3.6% |
| SOY | 2022-01-12 | [Soybean oil demand expected to erupt – AgriNews](https://feedsoft.ai/events/15425-soybean-oil-demand-expected-to-erupt-agrinews.md) | +1.1% | +15.8% |
| SOY | 2017-03-24 | [USDA exports – Corn, soybean, wheat sales up for the week](https://feedsoft.ai/events/71846-usda-exports-corn-soybean-wheat-sales-up-for-the-week.md) | -2.8% | -4.0% |
| SOY | 2026-10-20 | [U.S. soybean sales to China jump after late-September Trump-Xi summit](https://feedsoft.ai/events/14542-u-s-soybean-sales-to-china-jump-after-late-september-trump-xi-summit.md) | -0.6% | — |
| SOY | 2024-08-08 | [Strong week for new crop U.S. soybean export sales - Brownfield Ag News](https://feedsoft.ai/events/28855-strong-week-for-new-crop-u-s-soybean-export-sales-brownfield-ag-news.md) | -4.0% | -1.2% |

## Sources

- ecns.cn: http://www.ecns.cn/business/2017/05-17/257754.shtml

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