# China "On Course" to be World's Top Corn Importer, as Biden Administration "Reviews" Phase One Deal - Farm Policy News

> USDA reported a daily export sale of 2.108 million tonnes of corn to China, the second-largest on record, with China also buying about 132,000 tonnes of soybeans for 2021/22. Bloomberg reported China is on course to become the world's largest corn importer, possibly exceeding its WTO quota.

- Date: 2021-01-31 · published 2021-01-31T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/49011-china-on-course-to-be-world-s-top-corn-importer-as-biden-administration-reviews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large, concentrated Chinese corn buying tightens U.S. and global corn supplies, supporting prices and reinforcing expectations of record import demand.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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% |
| 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% |
| 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 | 2021-10-04 | [Why Biden will try to enforce Trump’s phase one trade deal with China \| PIIE](https://feedsoft.ai/events/44413-why-biden-will-try-to-enforce-trump-s-phase-one-trade-deal-with-china-piie.md) | -0.2% | +3.7% |
| 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 | 2021-01-05 | [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% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/01/china-on-course-to-be-worlds-top-corn-importer-as-biden-administration-reviews-phase-one-deal/

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