# China’s bumper harvest may cool corn-buying binge, impact progress of US trade deal | South China Morning Post

> Bloomberg reports that China's record corn purchases, a key part of the US trade deal, may be slowing as a bumper domestic harvest approaches. Imports in 2020-21 were about 23 million tonnes, and analysts doubt China will meet the USDA's 26 million tonne forecast for 2021-22.

- Date: 2021-09-01 · published 2021-09-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/44955-china-s-bumper-harvest-may-cool-corn-buying-binge-impact-progress-of-us-trade
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A larger Chinese harvest and weaker import demand reduce expected US corn export sales, which is bearish for corn futures. Falling Chinese corn prices also make imports less attractive.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-01 | [Impacts of Mexico’s Proposed GMO Ban for US and Global Corn Trade](https://feedsoft.ai/events/30210-impacts-of-mexico-s-proposed-gmo-ban-for-us-and-global-corn-trade.md) | -1.6% | -6.0% |
| CORN | 2021-07-29 | [ExportPlanning - US-China Phase One Deal: Tracking Progress H1-2021 - ExportPlanning](https://feedsoft.ai/events/45923-exportplanning-us-china-phase-one-deal-tracking-progress-h1-2021-exportplanning.md) | -0.3% | -0.3% |
| CORN | 2025-06-23 | [US farmers face tough outlook as China switches suppliers amid trade war \| South China Morning Post](https://feedsoft.ai/events/14655-us-farmers-face-tough-outlook-as-china-switches-suppliers-amid-trade-war-south.md) | -1.5% | -3.7% |
| CORN | 2021-07-19 | [US revives WTO grain import quota case as China lags behind in commitments to buy American farm goods \| South China Morning Post](https://feedsoft.ai/events/45922-us-revives-wto-grain-import-quota-case-as-china-lags-behind-in-commitments-to.md) | -1.1% | +0.0% |
| CORN | 2023-04-11 | [Mexico to probe GM corn impact on tortillas amid US trade dispute](https://feedsoft.ai/events/36380-mexico-to-probe-gm-corn-impact-on-tortillas-amid-us-trade-dispute.md) | +0.4% | +0.2% |
| SOY | 2019-03-20 | [As bumper harvest nears, Argentina's soy farmers stall deals waiting for trade war's end](https://feedsoft.ai/events/59939-as-bumper-harvest-nears-argentina-s-soy-farmers-stall-deals-waiting-for-trade.md) | -0.4% | -1.8% |
| SOY | 2025-08-28 | [What Role Do Farm Products Have in U.S.-China Trade Deal?](https://feedsoft.ai/events/14641-what-role-do-farm-products-have-in-u-s-china-trade-deal.md) | -1.5% | -1.5% |
| SOY | 2026-06-30 | [China Resumes Buying US Soybeans in Trade Clouded by Politics - Bloomberg](https://feedsoft.ai/events/14568-china-resumes-buying-us-soybeans-in-trade-clouded-by-politics-bloomberg.md) | +7.9% | +9.3% |

## Sources

- scmp.com: https://www.scmp.com/economy/china-economy/article/3147114/chinas-bumper-harvest-may-cool-corn-buying-binge-impact

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