# China’s 2024 US ag purchases of soybeans, corn trailing previous two years | An official publication of Michigan Farm Bureau

> China's purchases of U.S. agricultural and related products totaled $10.7 billion through April 2024, the same pace as 2021 but behind 2022 and 2023. Soybean and corn purchases have fallen sharply on a dollar basis, while poultry exports are also lower.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14732-china-s-2024-us-ag-purchases-of-soybeans-corn-trailing-previous-two-years-an
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker Chinese buying of U.S. soybeans and corn means less export demand to absorb U.S. supplies, which weighs on domestic futures and basis.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-08-23 | [Trade war: US official says China far short of soybean purchase pledge](https://feedsoft.ai/events/57439-trade-war-us-official-says-china-far-short-of-soybean-purchase-pledge.md) | +0.0% | +3.1% |
| SOY | 2018-05-09 | [China cutting US soybean purchases in face of tariffs threat \| AP News](https://feedsoft.ai/events/64913-china-cutting-us-soybean-purchases-in-face-of-tariffs-threat-ap-news.md) | +0.7% | -1.7% |
| SOY | 2022-04-20 | [China's March soybean imports from U.S. fall from previous year](https://feedsoft.ai/events/14939-china-s-march-soybean-imports-from-u-s-fall-from-previous-year.md) | -0.7% | -2.2% |
| 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 | 2025-07-14 | [US soybean exports to China at risk amid lingering trade tensions: WTO official \| World Ports Organization](https://feedsoft.ai/events/14651-us-soybean-exports-to-china-at-risk-amid-lingering-trade-tensions-wto-official.md) | +2.4% | -3.7% |
| CORN | 2018-09-05 | [Understanding corn tariffs – China tacks on 26% and 90% \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/62894-understanding-corn-tariffs-china-tacks-on-26-and-90-an-official-publication-of.md) | -0.4% | +1.2% |
| CORN | 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) | -4.9% | +0.1% |
| CORN | 2019-05-30 | [China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News](https://feedsoft.ai/events/58950-china-halts-u-s-soybean-purchases-while-usmca-prospects-unfold-under-a-new.md) | -0.9% | +6.0% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/china-s-2024-us-ag-purchases-of-soybeans-corn-trailing-previous-two-years

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