# China Makes Large U.S. Soy Purchase, While Granting Domestic Subsidies to Its Grain Farmers

> Reuters reports that China's state buyers purchased at least eight cargoes of U.S. soybeans after new-crop futures fell nearly 7%, the lowest since March. The article also notes China has booked record U.S. corn and sorghum volumes while domestic corn prices hit historic highs, and drought concerns are growing.

- Date: 2021-06-20 · published 2021-06-20T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/46431-china-makes-large-u-s-soy-purchase-while-granting-domestic-subsidies-to-its
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Chinese buying on the price break and drought worries support U.S. soybean and feed grain prices, though the purchases may be a reaction to an earlier price slump rather than a new cause.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-11-07 | [EXCLUSIVE: China makes largest US soy purchases in months -traders \| Reuters](https://feedsoft.ai/events/14795-exclusive-china-makes-largest-us-soy-purchases-in-months-traders-reuters.md) | +2.1% | -2.6% |
| SOY | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | +3.0% | +0.0% |
| SOY | 2026-07-08 | [China makes biggest U.S. soybean purchase since November - TT](https://feedsoft.ai/events/14563-china-makes-biggest-u-s-soybean-purchase-since-november-tt.md) | +0.9% | -3.5% |
| SOY | 2026-08-03 | [EXCLUSIVE: Chinese state traders make large US soybean purchases \| Reuters](https://feedsoft.ai/events/14553-exclusive-chinese-state-traders-make-large-us-soybean-purchases-reuters.md) | -1.3% | +8.9% |
| SOY | 2020-04-23 | [Falling prices buoys China’s purchases of US soybeans \| 2020-04-23  \| World Grain](https://feedsoft.ai/events/53505-falling-prices-buoys-china-s-purchases-of-us-soybeans-2020-04-23-world-grain.md) | -0.4% | +1.4% |
| CORN | 2020-03-24 | [China makes largest U.S. grain purchases since start of trade war - UPI.com](https://feedsoft.ai/events/54008-china-makes-largest-u-s-grain-purchases-since-start-of-trade-war-upi-com.md) | +6.1% | -4.7% |
| CORN | 2021-05-11 | [China makes another large purchase of US corn  \| World Grain](https://feedsoft.ai/events/46955-china-makes-another-large-purchase-of-us-corn-world-grain.md) | -7.7% | -2.5% |
| CORN | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | -1.1% | -3.2% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/06/china-makes-large-u-s-soy-purchase-while-granting-domestic-subsidies-to-its-grain-farmers/

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