# U.S. grains: Profit-taking pressures soybeans - Country Guide

> CBOT soybean futures fell on profit-taking after six days of gains, despite USDA reporting Chinese purchases of 585,000 tonnes of U.S. soybeans. Wheat and corn also declined on technical selling, and traders noted an approaching December 15 U.S. tariff deadline on Chinese goods.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/9817-u-s-grains-profit-taking-pressures-soybeans-country-guide
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Chinese buying supports soybean demand, but uncertainty over the trade deal and African swine fever weakening Chinese feed demand limit upside for soybeans and meal.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-05-26 | [Are China's Problems Adding to Bearish Pressures in US Corn, Soybeans?](https://feedsoft.ai/events/5568-are-china-s-problems-adding-to-bearish-pressures-in-us-corn-soybeans.md) | +2.2% | +14.9% |
| SOY | 2017-01-06 | [Exports pressure U.S. corn, soybeans; wheat eases on profit-taking - Jamestown Sun \| News, weather, sports from Jamestown North Dakota](https://feedsoft.ai/events/73050-exports-pressure-u-s-corn-soybeans-wheat-eases-on-profit-taking-jamestown-sun.md) | +2.8% | +2.3% |
| SOY | 2020-10-02 | [Talk of Soymeal Imports Pressures Beans \| Feed & Grain](https://feedsoft.ai/events/12135-talk-of-soymeal-imports-pressures-beans-feed-and-grain.md) | +2.6% | +2.8% |
| SOY | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | -4.2% | +3.0% |
| SOY | 2025-02-05 | [Soybean Oil’s Biofuel Share Faces Growing Pressure](https://feedsoft.ai/events/15146-soybean-oil-s-biofuel-share-faces-growing-pressure.md) | -2.9% | -7.2% |
| SBM | 2018-03-09 | [China says U.S. soybeans 'prime target' over tariffs: trade group](https://feedsoft.ai/events/65864-china-says-u-s-soybeans-prime-target-over-tariffs-trade-group.md) | -2.5% | +1.5% |
| SBM | 2017-01-23 | [Soybeans down on commercial pressure - Brownfield Ag News](https://feedsoft.ai/events/73026-soybeans-down-on-commercial-pressure-brownfield-ag-news.md) | -1.6% | -2.6% |
| SBM | 2018-11-22 | [Trump's China trade war forces U.S. soybeans to take costly detour](https://feedsoft.ai/events/62091-trump-s-china-trade-war-forces-u-s-soybeans-to-take-costly-detour.md) | +0.1% | -0.3% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-grains-profit-taking-pressures-soybeans/

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