# Column: U.S. soybean shipments to China dry up to historically low levels

> A Reuters column reports that U.S. soybean shipments to China have dried up to historically low levels. Global financial and commodity markets were plunging amid the coronavirus outbreak. Soybeans also swung sharply higher on uncertainty over whether the virus would further delay Brazilian cargoes.

- Date: 2020-03-17 · published 2020-03-17T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/7269-column-u-s-soybean-shipments-to-china-dry-up-to-historically-low-levels
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak U.S. export sales to China remove a key source of demand for U.S. soybeans, pressuring domestic prices. Doubts about Brazilian shipment timing add offsetting support, so the net effect on soybean prices is uncertain.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-01 | [China’s U.S. Soybean Purchases Slump to 2004 Low](https://feedsoft.ai/events/57948-china-s-u-s-soybean-purchases-slump-to-2004-low.md) | -1.8% | -1.3% |
| SOY | 2018-10-24 | [China wants to stop buying American soybeans entirely](https://feedsoft.ai/events/62400-china-wants-to-stop-buying-american-soybeans-entirely.md) | -2.8% | +2.7% |
| SOY | 2019-05-29 | [Local ports see 'dramatic hit' to soybean exports during US-China trade war](https://feedsoft.ai/events/59104-local-ports-see-dramatic-hit-to-soybean-exports-during-us-china-trade-war.md) | +3.0% | +5.5% |
| SOY | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.1% | -0.6% |
| SOY | 2024-04-29 | [U.S. Share in China's Soybean Market to Dwindle as Argentina Boosts Supply](https://feedsoft.ai/events/14757-u-s-share-in-china-s-soybean-market-to-dwindle-as-argentina-boosts-supply.md) | +3.6% | +7.6% |

## Sources

- reuters.com: https://www.reuters.com/article/idUKKBN2141FQ/

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