# Why U.S. growers are betting the farm on soybeans amid China trade war

> US farmers plan to plant what could be their third-largest soybean crop ever despite roughly 900 million bushels from last year still in storage. Chinese tariffs have nearly halted US soybean sales to China, which previously bought about $12 billion a year. Sorghum has also been affected by the trade dispute.

- Date: 2019-03-14 · published 2019-03-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/8266-why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Large unsold stocks combined with a larger planted area point to ample US supply and weak cash prices unless China buying resumes. Sorghum demand for feed is also pressured by the trade dispute.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -1.6% | -9.2% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.9% | +4.5% |
| SOY | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | +2.4% | +1.4% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SBM | 2018-08-01 | [Why Soybeans Are at the Heart of the U.S.-China Trade War](https://feedsoft.ai/events/64080-why-soybeans-are-at-the-heart-of-the-u-s-china-trade-war.md) | -2.5% | -11.9% |
| SBM | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | 0.0% | -1.5% |
| SBM | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | +1.6% | +1.5% |

## Sources

- nst.com.my: https://www.nst.com.my/world/world/2019/03/469087/why-us-growers-are-betting-farm-soybeans-amid-china-trade-war
- reuters.com: https://www.reuters.com/article/us-usa-trade-china-soybeans/why-u-s-growers-are-betting-the-farm-on-soybeans-amid-china-trade-war-idUSKCN1QV0CP/

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