◂ Event Timeline

Feb 5, 2021REPORTChina

US sets new record for ag exports to China in 2020

USDA data showed U.S. agricultural exports to China reached a record $26.4 billion in calendar 2020, or about $29 billion including related products. The total still falls short of the $36.5 billion China pledged under the phase one deal, and U.S. beef exports to China more than doubled.

WHY IT MATTERS

Record Chinese farm imports support demand for U.S. grains and meat, but the shortfall versus the purchase pledge leaves room for disappointment in future buying.

AFFECTSCorn▲Soybeans▲Live Cattle▲

SOURCE
agri-pulse.comBill TomsonFeb 5, 2021

Price reaction & history

Corn▲bullishSO FAR1d -0.2%5d -2.2%20d -4.1%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

Feb 19, 2026USDA chief economist: Economic headwinds to ease slightly in 2026 | Agri-Pulse Communications, Inc.+0.6%
Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+1.7%
Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+0.9%
Dec 8, 2023USDA trims forecast for soybean, wheat supplies | Agri-Pulse Communications, Inc.-2.7%
May 12, 2022USDA warns on corn, winter wheat crops due to weather | 2022-05-12 | Agri-Pulse Communications, Inc.-0.3%

Soybeans▲bullishSO FAR1d -0.4%5d -0.4%20d +4.5%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

Oct 25, 2023U.S. soybean meal exports set record, expected to go higher next year | Agri-Pulse Communications, Inc.-0.6%
May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.+4.4%
Jun 11, 2020June USDA report on par with trade expectations | 2020-06-11 | Agri-Pulse Communications, Inc.+0.7%
Feb 19, 2026USDA chief economist: Economic headwinds to ease slightly in 2026 | Agri-Pulse Communications, Inc.+1.3%
Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+4.3%

Live Cattle▲bullishSO FAR1d +0.1%5d +0.0%20d +1.6%

After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.

Jul 15, 2025Strong beef prices fueling rise in grocery costs | Agri-Pulse Communications, Inc.+1.5%
Oct 15, 2017USDA-FAS Report: China's Meat and Poultry Import Forecast, 2018 - Farm Policy News+0.2%
Oct 26, 2021New Cattle Feedlot Report Points to Shrinking Beef Cattle Herd - AG INFORMATION NETWORK OF THE WEST+2.3%
Feb 4, 20202020 Cattle Inventory—Herd Expansion Comes to an End - ProAg-1.0%
Feb 28, 2025USDA Ag Outlook Forum: Chief economist Seth Meyer’s shares 2025 expectations for beef, swine, egg, dairy | The Beef Site-1.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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