# China buys U.S. ag products, helps boost market prices - Texas Farm Bureau

> American Farm Bureau chief economist John Newton said China likely bought a record amount of U.S. agricultural products in 2020, with over 6 million tonnes of corn and 31 million tonnes of soybeans bought for 2021 marketing year. He said Chinese buying has reduced U.S. stocks and pushed corn near $5.30 and soybeans near $13.50.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/48477-china-buys-u-s-ag-products-helps-boost-market-prices-texas-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese buying has drawn down U.S. stocks and lifted corn and soybean prices sharply, a supportive factor for feed costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-02-21 | [China proposes to buy $30 billion more in U.S. ag products](https://feedsoft.ai/events/60475-china-proposes-to-buy-30-billion-more-in-u-s-ag-products.md) | -0.3% | +2.0% |
| CORN | 2020-08-18 | [China, facing high corn prices, buys more from U.S](https://feedsoft.ai/events/51475-china-facing-high-corn-prices-buys-more-from-u-s.md) | -0.0% | +5.4% |
| CORN | 2026-07-02 | [China and U.S. seek tariff rollback on farm products - TT](https://feedsoft.ai/events/14562-china-and-u-s-seek-tariff-rollback-on-farm-products-tt.md) | +0.2% | +4.0% |
| CORN | 2025-07-24 | [Ahead of the Open \| China buys U.S. corn - Pro Farmer](https://feedsoft.ai/events/14646-ahead-of-the-open-china-buys-u-s-corn-pro-farmer.md) | +1.0% | -1.0% |
| CORN | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +1.4% | +2.7% |
| SOY | 2019-07-01 | [What extra U.S. farm products could China buy?](https://feedsoft.ai/events/57950-what-extra-u-s-farm-products-could-china-buy.md) | -2.7% | -1.6% |
| SOY | 2020-04-14 | [China buys more US farm products amid plunge in trade](https://feedsoft.ai/events/53503-china-buys-more-us-farm-products-amid-plunge-in-trade.md) | -3.2% | -0.2% |
| SOY | 2019-02-21 | [China proposes to buy $30 billion more in U.S. ag products](https://feedsoft.ai/events/60475-china-proposes-to-buy-30-billion-more-in-u-s-ag-products.md) | +0.1% | +0.4% |

## Sources

- texasfarmbureau.org: https://texasfarmbureau.org/china-buys-u-s-ag-products-helps-boost-market-prices/

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