# U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties | Farm Policy News | Illinois

> US soybean imports by China rocketed in March as delayed cargoes arrived, while Brazilian shipments plunged 85%. Brazil also suspended import duties on soy, corn, soybean meal and soybean oil through year-end to fight inflation.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Brazil's duty suspension increases its import competitiveness and the shift of Chinese demand toward US beans tightens supply, adding support to soybean and corn prices.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | +4.4% | +2.9% |
| 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 | 2026-08-10 | [China Ramping Up US Soybean Purchases \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14559-china-ramping-up-us-soybean-purchases-farm-policy-news-illinois.md) | +1.5% | +11.9% |
| SOY | 2021-12-22 | [China’s Imports of U.S. Soybeans Climbed in November, as Biden Administration Contemplates Trade Deal Enforcement \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14968-china-s-imports-of-u-s-soybeans-climbed-in-november-as-biden-administration.md) | +3.7% | +9.0% |
| SOY | 2021-04-23 | [Corn, Wheat and Soybean Prices Continue to Surge, China Buys U.S. Corn for Fourth-Quarter Shipment \| Farm Policy News \| Illinois](https://feedsoft.ai/events/10291-corn-wheat-and-soybean-prices-continue-to-surge-china-buys-u-s-corn-for-fourth.md) | +0.6% | 0.0% |
| 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% |
| CORN | 2021-08-18 | [China’s Hog Herd Expands, But Sow Numbers Fall in July- U.S. Corn Exports at Record Levels \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45565-china-s-hog-herd-expands-but-sow-numbers-fall-in-july-u-s-corn-exports-at.md) | -1.4% | -10.1% |
| 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/2021/04/u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import-duties/

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