# Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge | Farm Policy News | Illinois

> Bloomberg calculations showed China had bought about half of its 2020 Phase One purchase target by November, while U.S. soybean and corn exports to China surged. Analysts also expected China's soybean imports to top 100 million tonnes in 2020-21, with US imports possibly doubling to 36 million tonnes.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/49008-phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge-farm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong Chinese demand for U.S. soybeans and corn supports U.S. export prices, though the trade-deal shortfall may prompt further buying.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +5.3% | +6.9% |
| 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% |
| 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 | 2019-09-09 | [U.S., China Trade Talks Set to Resume; Agricultural Export Markets Continue to Adjust \| Farm Policy News \| Illinois](https://feedsoft.ai/events/10853-u-s-china-trade-talks-set-to-resume-agricultural-export-markets-continue-to.md) | +4.7% | +8.4% |
| CORN | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +14.7% | +11.9% |
| CORN | 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) | +10.5% | +8.1% |
| CORN | 2020-08-02 | [China Makes (Another) Record U.S. Corn Purchase in July, But Achieving Phase One Targets May Still be a Stretch \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51479-china-makes-another-record-u-s-corn-purchase-in-july-but-achieving-phase-one.md) | -1.4% | +7.2% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/01/phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge/

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