# China purchases first cargoes of US soybeans this season |  BusinessMirror

> Philippine bank economists warned that inflation could exceed 8% in November and December, driven by higher transport fares, electricity rates, wages, stubbornly high oil prices and the threat of El Niño to food supply. A central bank survey found business sentiment less pessimistic in September, though firms remained concerned about fuel costs, inflation and peso depreciation.

- Date: 2026-11-01 · published 2026-11-02T00:05:33.353Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/74293-china-purchases-first-cargoes-of-us-soybeans-this-season-businessmirror
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Elevated domestic inflation and a weaker peso raise the cost of imported feed for Philippine buyers. El Niño risk to regional food supply is a longer-term upward pressure on feed prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-04 | [China not purchasing soybeans from the U.S. is not new](https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new.md) | -2.9% | -2.1% |
| SOY | 2020-11-05 | [What’s fueling China’s thirst for U.S. corn and soybeans?](https://feedsoft.ai/events/50020-what-s-fueling-china-s-thirst-for-u-s-corn-and-soybeans.md) | +6.0% | +8.3% |
| SOY | 2026-10-27 | [First Thing Today \| Soybeans see small bounce as Brazilian real stabilizes - Pro Farmer](https://feedsoft.ai/events/436-first-thing-today-soybeans-see-small-bounce-as-brazilian-real-stabilizes-pro.md) | +0.5% | — |
| SOY | 2019-07-01 | [China, Brazil and the Soybean Crush](https://feedsoft.ai/events/58655-china-brazil-and-the-soybean-crush.md) | -2.7% | -1.6% |
| SOY | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | -0.4% | +4.5% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2025/10/29/china-purchases-first-cargoes-of-us-soybeans-this-season/

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