# Phase One, hog rebuilding have fueled China's buying spree - Brownfield Ag News

> Iowa Soybean Association CEO Kirk Leeds says China's soybean and corn buying reflects Phase One commitments, its own crop shortfalls and above all the rebuilding of its hog herd. He says purchases have paused and may resume depending on China and Brazil supply and price dips.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/50644-phase-one-hog-rebuilding-have-fueled-china-s-buying-spree-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A pause in Chinese buying weighs on US soybean and corn prices, though underlying herd-driven demand keeps medium-term feed demand firm.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-05 | [Soybeans, corn down on lack of China deal - Brownfield Ag News](https://feedsoft.ai/events/59636-soybeans-corn-down-on-lack-of-china-deal-brownfield-ag-news.md) | -1.2% | -8.5% |
| SOY | 2025-09-30 | [Nicholson: U.S. soybean futures hold, but basis "sloppy" without China buys - Brownfield Ag News](https://feedsoft.ai/events/22899-nicholson-u-s-soybean-futures-hold-but-basis-sloppy-without-china-buys.md) | +0.7% | +5.6% |
| SOY | 2016-12-19 | [Soybean exports could come to screeching halt - Brownfield Ag News](https://feedsoft.ai/events/73503-soybean-exports-could-come-to-screeching-halt-brownfield-ag-news.md) | -4.6% | +3.7% |
| SOY | 2018-04-12 | [China tariffs could cause market distortion - Brownfield Ag News](https://feedsoft.ai/events/65596-china-tariffs-could-cause-market-distortion-brownfield-ag-news.md) | -0.6% | -3.9% |
| SOY | 2017-01-23 | [Soybeans down on commercial pressure - Brownfield Ag News](https://feedsoft.ai/events/73026-soybeans-down-on-commercial-pressure-brownfield-ag-news.md) | -1.7% | -3.3% |
| CORN | 2019-04-05 | [Soybeans, corn down on lack of China deal - Brownfield Ag News](https://feedsoft.ai/events/59636-soybeans-corn-down-on-lack-of-china-deal-brownfield-ag-news.md) | -1.7% | -1.7% |
| CORN | 2019-02-27 | [Grain, oilseed rally fizzles - Brownfield Ag News](https://feedsoft.ai/events/11850-grain-oilseed-rally-fizzles-brownfield-ag-news.md) | -0.7% | +1.2% |
| CORN | 2024-08-20 | [USGC focused on Mexico GMO corn ban - Brownfield Ag News](https://feedsoft.ai/events/28746-usgc-focused-on-mexico-gmo-corn-ban-brownfield-ag-news.md) | -3.5% | +5.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/phase-one-hog-rebuilding-have-fueled-chinas-buying-spree/

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