◂ Event Timeline

Jul 19, 2023TRADEChina

US recovers share of China’s ag imports after trade war

A Virginia Tech study finds the US regained its pre-trade-war share of China's agricultural imports, reaching roughly 20% in 2022 after falling to about 10% in 2019. The recovery followed a trade détente with China.

WHY IT MATTERS

Restored US market share supports demand for American farm exports to China, though the effect on prices is limited because the story describes past flows.

AFFECTSSoybeans Corn Soybean Meal

SOURCE
agri-pulse.comBill TomsonJul 19, 2023

Price reaction & history

Soybeansno directional readSO FAR1d -0.0%5d +1.6%20d -11.3%

After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.

Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.-4.5%
May 27, 2021USTR meets with China’s top trade official | 2021-05-27 | Agri-Pulse Communications, Inc.+3.0%
Feb 25, 2020US: China lifts some trade barriers in phase one | 2020-02-25 | Agri-Pulse Communications, Inc.+1.9%
Dec 9, 2024Tariffs, competition cloud future of China ag exports | Agri-Pulse Communications, Inc.-0.6%
Jun 30, 2021China signals another strong year of importing US soy | 2021-06-29 | Agri-Pulse Communications, Inc.+2.0%

Cornno directional readSO FAR1d +1.9%5d +13.6%20d -6.1%

After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.

Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.-13.9%
May 27, 2021USTR meets with China’s top trade official | 2021-05-27 | Agri-Pulse Communications, Inc.+6.1%
Feb 25, 2020US: China lifts some trade barriers in phase one | 2020-02-25 | Agri-Pulse Communications, Inc.+0.4%
Dec 31, 2020China heads to end of 2020 with big imports of US soy, wheat, sorghum and corn | 2020-12-31 | Agri-Pulse Communications, Inc.+6.2%
Jan 15, 2020China deal to open flood gates for US ag trade | 2020-01-15 | Agri-Pulse Communications, Inc.+0.3%

Soybean Mealno directional readSO FAR1d +0.2%5d +2.2%20d -6.8%

After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% over 20.

Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.+0.4%
May 27, 2021USTR meets with China’s top trade official | 2021-05-27 | Agri-Pulse Communications, Inc.+1.1%
Jun 30, 2021China signals another strong year of importing US soy | 2021-06-29 | Agri-Pulse Communications, Inc.+1.8%
Jul 22, 2020China ramps up US soy purchases on good prices | 2020-07-22 | Agri-Pulse Communications, Inc.+1.2%
Jan 16, 2026China-Canada deal could lift some US feed prices | Agri-Pulse Communications, Inc.+1.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Soybeans SOY · GP ▸

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Corn CORN · GP ▸

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