# Is China avoiding U.S. commodities as a political stunt?

> US Agriculture Secretary Tom Vilsack suggested China is favoring Brazilian corn and soybeans partly in retaliation for US restrictions on foreign ownership of farmland. He pointed to Arkansas forcing a Sinochem-controlled seed company to sell farmland and said US purchases by China were down about $6 billion year over year.

- Date: 2024-04-10 · published 2024-04-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14758-is-china-avoiding-u-s-commodities-as-a-political-stunt
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

If Chinese buyers are shifting purchases from US to Brazilian corn and soybeans for political reasons, US export demand weakens and Brazilian supply gains share.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-19 | [Commodities Slide as U.S.-China Spat Hits Soy to Steelmakers - Bloomberg](https://feedsoft.ai/events/10576-commodities-slide-as-u-s-china-spat-hits-soy-to-steelmakers-bloomberg.md) | -3.7% | -7.6% |
| SOY | 2023-05-19 | [Chicago commodity futures roil as U.S. debt ceiling talks halt \| Financial Post](https://feedsoft.ai/events/7843-chicago-commodity-futures-roil-as-u-s-debt-ceiling-talks-halt-financial-post.md) | -0.7% | +10.0% |
| SOY | 2024-01-02 | [Commodities 2024: China's soybean demand set to fall amid impending hog supply cuts](https://feedsoft.ai/events/32124-commodities-2024-china-s-soybean-demand-set-to-fall-amid-impending-hog-supply.md) | -4.2% | -5.8% |
| SOY | 2018-04-04 | [How China will target U.S. agriculture - POLITICO](https://feedsoft.ai/events/65374-how-china-will-target-u-s-agriculture-politico.md) | +1.2% | +0.4% |
| SOY | 2025-04-04 | [COMMODITIES Oil sinks to pandemic lows; metals, soybeans slump as China retaliates](https://feedsoft.ai/events/6317-commodities-oil-sinks-to-pandemic-lows-metals-soybeans-slump-as-china-retaliates.md) | +1.7% | +3.7% |
| CORN | 2018-06-19 | [Commodities Slide as U.S.-China Spat Hits Soy to Steelmakers - Bloomberg](https://feedsoft.ai/events/10576-commodities-slide-as-u-s-china-spat-hits-soy-to-steelmakers-bloomberg.md) | -0.9% | -2.0% |
| CORN | 2018-04-04 | [How China will target U.S. agriculture - POLITICO](https://feedsoft.ai/events/65374-how-china-will-target-u-s-agriculture-politico.md) | +0.2% | +1.9% |
| CORN | 2023-10-02 | [U.S., Mexico talk tech as corn fight flares up   - POLITICO](https://feedsoft.ai/events/33592-u-s-mexico-talk-tech-as-corn-fight-flares-up-politico.md) | +2.7% | +2.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/is-china-avoiding-u-s-commodities-as-a-political-stunt-

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