# Plunge in U.S. soy exports to China in 2021 exposes Phase 1 flaws  | Reuters

> U.S. soybean exports to China fell sharply in 2021, which analysts link to flaws in the Phase 1 agreement. U.S. corn exports to China reached a record 18.8 million tonnes, valued at $5.1 billion.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14955-plunge-in-u-s-soy-exports-to-china-in-2021-exposes-phase-1-flaws-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The sharp drop in soybean sales to China reduces export demand and pressures soybean and meal prices, while record corn shipments support corn demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-03-14 | [Europe Buys More U.S. Soybeans as Exports to China Plunge - Caixin Global](https://feedsoft.ai/events/8268-europe-buys-more-u-s-soybeans-as-exports-to-china-plunge-caixin-global.md) | +1.9% | +1.5% |
| SOY | 2024-02-29 | [China Tariff War Revisited: U.S. Exports Of Oil Surged In 2023](https://feedsoft.ai/events/14775-china-tariff-war-revisited-u-s-exports-of-oil-surged-in-2023.md) | +0.6% | +5.2% |
| SOY | 2026-01-26 | [China to favour Brazilian soybean imports in H1 despite renewed US inflows \| Reuters](https://feedsoft.ai/events/14606-china-to-favour-brazilian-soybean-imports-in-h1-despite-renewed-us-inflows.md) | -0.3% | +6.2% |
| SOY | 2021-11-22 | [China's Soy Imports Slump in October, as "U.S. Pork Exports to Mexico Show Promise" - Farm Policy News](https://feedsoft.ai/events/14979-china-s-soy-imports-slump-in-october-as-u-s-pork-exports-to-mexico-show-promise.md) | -1.7% | +2.3% |
| SOY | 2025-03-04 | [China to impose extra tariffs of 10%-15% on various US farm products \| Reuters](https://feedsoft.ai/events/14675-china-to-impose-extra-tariffs-of-10-15-on-various-us-farm-products-reuters.md) | +0.2% | +1.7% |
| CORN | 2021-02-24 | [U.S. Corn Exports To China Boom - 2020 Year in Review](https://feedsoft.ai/events/48473-u-s-corn-exports-to-china-boom-2020-year-in-review.md) | +0.7% | +5.4% |
| CORN | 2021-05-10 | [Corn Exports To China At Record Highs - 2021 Year in Review](https://feedsoft.ai/events/46953-corn-exports-to-china-at-record-highs-2021-year-in-review.md) | -6.8% | -6.6% |
| CORN | 2021-01-05 | [Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49008-phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge-farm.md) | +3.1% | +14.6% |

## Sources

- reuters.com: https://www.reuters.com/business/plunge-us-soy-exports-china-2021-exposes-phase-1-flaws-braun-2022-02-09/

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