# 2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China | Farm Policy News | Illinois

> The USDA Foreign Agricultural Service reports 2020 US agricultural exports of nearly $146 billion, the second highest on record. Soybean exports rose 38% to a record $25.7 billion, with China taking 55% of soybean export value.

- Date: 2021-04-07 · published 2021-04-07T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong export demand led by China reduces US domestic supplies of soybeans, corn and pork, supporting feed grain and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-13 | [FAS: “2022/23 China Soybean Imports Raised to Record High” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news.md) | -2.7% | -3.5% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |
| SOY | 2020-10-12 | [Smaller Corn and Soybean Supply Forecast, as Derecho Harvest Impact Grows \| Farm Policy News \| Illinois](https://feedsoft.ai/events/11788-smaller-corn-and-soybean-supply-forecast-as-derecho-harvest-impact-grows-farm.md) | -1.5% | +3.1% |
| SOY | 2025-04-18 | [Corn exports up and China buys tariffed soybeans - High Plains Journal](https://feedsoft.ai/events/14673-corn-exports-up-and-china-buys-tariffed-soybeans-high-plains-journal.md) | +1.3% | +1.3% |
| SOY | 2021-02-05 | [US sets new record for ag exports to China in 2020 \| 2021-02-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48476-us-sets-new-record-for-ag-exports-to-china-in-2020-2021-02-05-agri-pulse.md) | -0.4% | +4.5% |
| CORN | 2021-11-11 | [China’s Coarse Grain Imports for 2020/21, Doubles the Previous Record \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14983-china-s-coarse-grain-imports-for-2020-21-doubles-the-previous-record-farm.md) | -0.8% | +3.4% |
| CORN | 2017-10-27 | [USDA-FAS Report: China and Biofuels \| Farm Policy News \| Illinois](https://feedsoft.ai/events/68452-usda-fas-report-china-and-biofuels-farm-policy-news-illinois.md) | -0.2% | -5.4% |
| CORN | 2020-10-12 | [Smaller Corn and Soybean Supply Forecast, as Derecho Harvest Impact Grows \| Farm Policy News \| Illinois](https://feedsoft.ai/events/11788-smaller-corn-and-soybean-supply-forecast-as-derecho-harvest-impact-grows-farm.md) | +2.1% | +5.7% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/04/2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to-china/

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