# Chinese Grain Purchasing In Full Swing As 2020/2021 Marketing Year Officially Starts - U.S. Grains & BioProducts Council

> China has bought 8.733 million metric tons of U.S. corn and 1.365 million tons of U.S. sorghum for the 2020/21 marketing year as of Aug. 27. Importers are expanding U.S. trading capabilities and partnering with river and port facilities.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/50985-chinese-grain-purchasing-in-full-swing-as-2020-2021-marketing-year-officially
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Large forward sales and improved logistics capacity for Chinese importers support U.S. corn and sorghum export demand. This tends to firm U.S. feed grain prices through the new crop year.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-18 | [Market Perspectives – March 18, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5672-market-perspectives-march-18-2021-u-s-grains-and-bioproducts-council.md) | +10.8% | +13.2% |
| CORN | 2024-05-30 | [Market Perspectives - May 30, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/13183-market-perspectives-may-30-2024-u-s-grains-and-bioproducts-council.md) | -4.0% | -5.1% |
| CORN | 2017-03-16 | [Market Perspectives March 16, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8403-market-perspectives-march-16-2017-u-s-grains-and-bioproducts-council.md) | -1.1% | +0.7% |
| CORN | 2018-06-07 | [Chart Of Note: GIAF Exports To FTA Partners Stay Strong In 2017/2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/64527-chart-of-note-giaf-exports-to-fta-partners-stay-strong-in-2017-2018-u-s-grains.md) | -1.2% | -6.3% |
| CORN | 2019-07-24 | [Mexico Buyer Team Purchases U.S. Feed Grains During Export Exchange 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/58068-mexico-buyer-team-purchases-u-s-feed-grains-during-export-exchange-2018-u-s.md) | -0.4% | -12.0% |

## Sources

- grains.org: https://grains.org/chinese-grain-purchasing-in-full-swing-as-2020-2021-marketing-year-officially-starts/

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