# China boosts US agriculture purchases over ‘very tight’ soybeans supply concerns, Ukraine corn worries | South China Morning Post

> Chinese buyers booked around 20 cargoes of U.S. soybeans and about 10 shipments of U.S. corn, according to traders. The purchases follow Russia's invasion of Ukraine and weaker-than-expected Brazilian soybean supply. They also come after the phase-one trade deal expired without agricultural targets being met.

- Date: 2022-03-04 · published 2022-03-04T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14948-china-boosts-us-agriculture-purchases-over-very-tight-soybeans-supply-concerns
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large Chinese purchases tighten available U.S. supplies and support soybean and corn prices. Buying driven by supply worries from Ukraine and Brazil adds to upward price pressure.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-08 | [China ramps up soybean purchases in August but Brazilian supplies tipped to tighten \| South China Morning Post](https://feedsoft.ai/events/62892-china-ramps-up-soybean-purchases-in-august-but-brazilian-supplies-tipped-to.md) | -1.3% | +4.4% |
| SOY | 2020-08-01 | [China’s agricultural imports surge in June, as worsening US ties stoke fears of supply disruptions \| South China Morning Post](https://feedsoft.ai/events/51478-china-s-agricultural-imports-surge-in-june-as-worsening-us-ties-stoke-fears-of.md) | -3.0% | +5.9% |
| SOY | 2022-04-25 | [China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources \| South China Morning Post](https://feedsoft.ai/events/14940-china-trade-imports-of-us-soybeans-rise-as-ukraine-war-south-america-drought.md) | -0.5% | -0.6% |
| SOY | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | +4.3% | -9.0% |
| SOY | 2026-07-31 | [Chinese buyers acquire US soybeans for October-November, traders say \| South China Morning Post](https://feedsoft.ai/events/14561-chinese-buyers-acquire-us-soybeans-for-october-november-traders-say-south-china.md) | -1.7% | +6.7% |
| CORN | 2020-08-01 | [China’s agricultural imports surge in June, as worsening US ties stoke fears of supply disruptions \| South China Morning Post](https://feedsoft.ai/events/51478-china-s-agricultural-imports-surge-in-june-as-worsening-us-ties-stoke-fears-of.md) | -1.4% | +7.2% |
| CORN | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | +0.4% | -6.9% |
| CORN | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | -0.3% | +2.0% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3169220/china-boosts-us-agriculture-purchases-over-very-tight

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