# China’s buying — and U.S. farms cashing in

> CoBank's economist says Chinese demand for US meat and crops has lifted prices and could keep them strong through the fall of 2022. US agricultural exports to China set a record in the last nine months. The Phase 1 deal, which targets $40 billion a year in ag purchases, expires at year-end.

- Date: 2021-10-05 · published 2021-10-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/44412-china-s-buying-and-u-s-farms-cashing-in
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Sustained Chinese purchases, especially seasonal soybean buying from October to December, support US soybean and feed prices. Uncertainty after the Phase 1 deal expires adds risk to the outlook.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-03-22 | [China buying boatloads of U.S. corn](https://feedsoft.ai/events/47968-china-buying-boatloads-of-u-s-corn.md) | -1.1% | +2.4% |
| SOY | 2020-07-30 | [China needs 'explosive' buying to meet U.S. farm import target](https://feedsoft.ai/events/51979-china-needs-explosive-buying-to-meet-u-s-farm-import-target.md) | -1.1% | +3.1% |
| SOY | 2020-05-14 | [China likely to speed up buying of U.S. farm goods: COFCO exec](https://feedsoft.ai/events/52981-china-likely-to-speed-up-buying-of-u-s-farm-goods-cofco-exec.md) | +1.3% | +3.6% |
| SOY | 2024-06-14 | [China is Buying Soybeans Again, But Why? - AgWeb](https://feedsoft.ai/events/14741-china-is-buying-soybeans-again-but-why-agweb.md) | -2.4% | -9.4% |
| SOY | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +2.2% | +2.0% |
| CORN | 2021-03-22 | [China buying boatloads of U.S. corn](https://feedsoft.ai/events/47968-china-buying-boatloads-of-u-s-corn.md) | +10.7% | +12.5% |
| CORN | 2018-10-02 | [Farming News - China: Grain and Feed Update](https://feedsoft.ai/events/62620-farming-news-china-grain-and-feed-update.md) | -1.1% | -0.7% |
| CORN | 2020-05-14 | [China likely to speed up buying of U.S. farm goods: COFCO exec](https://feedsoft.ai/events/52981-china-likely-to-speed-up-buying-of-u-s-farm-goods-cofco-exec.md) | -0.0% | +1.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/china-s-buying-and-u-s-farms-cashing-in

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