# Soybean prices slide on China's demand pause, COVID-19 resurgence: sources

> Soybean prices fell over the last few sessions as Chinese crushers reduced purchases of US beans and COVID-19 resurgence in Europe and the Americas weighed on sentiment. CBOT January futures dropped 2.63% and the SOYBEX CFR China assessment fell $10/mt to $489.98/mt, though China's bookings for US beans were already largely placed through January.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/8195-soybean-prices-slide-on-china-s-demand-pause-covid-19-resurgence-sources
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A slowdown in Chinese purchases of US soybeans reduces near-term export demand and pressures soybean and soybean meal prices. Strong earlier buying and new Brazilian supply offer some support.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-09-22 | [Lack of China Demand Hammers US Soybean Oil Prices - TT](https://feedsoft.ai/events/22934-lack-of-china-demand-hammers-us-soybean-oil-prices-tt.md) | -1.1% | -0.6% |
| SOY | 2023-05-10 | [Soybeans face pressure on US planting weather, tepid China demand](https://feedsoft.ai/events/14841-soybeans-face-pressure-on-us-planting-weather-tepid-china-demand.md) | -6.0% | -6.3% |
| SOY | 2018-12-05 | [Soybean Prices Depend on China - Purdue Agricultural Economics](https://feedsoft.ai/events/61595-soybean-prices-depend-on-china-purdue-agricultural-economics.md) | +0.9% | -0.2% |
| SOY | 2024-01-25 | [U.S. grains: Soybean, soyoil futures slide on weak demand - AgCanada](https://feedsoft.ai/events/6835-u-s-grains-soybean-soyoil-futures-slide-on-weak-demand-agcanada.md) | -1.5% | -7.5% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/102920-soybean-prices-slide-on-chinas-demand-pause-covid-19-resurgence-sources

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