# China Buying Spree Revives Export Profits for Top Crop Traders - Caixin Global

> Major agricultural commodity traders are earning the highest export profits in years, driven largely by Chinese buying of U.S. corn and soybeans. Gulf elevation margins are near five-year highs as the ADM export terminal is offline for repair until early 2021.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/50989-china-buying-spree-revives-export-profits-for-top-crop-traders-caixin-global
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy export sales and a constrained Gulf terminal push up export basis and logistics costs for U.S. corn and soybeans. This supports Gulf cash prices while tightening the flow of exports.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -1.6% | -0.8% |
| WHEAT | 2021-03-19 | [China Ramps Up Farm Imports to Plug Shortages, Keep Prices Down - Caixin Global](https://feedsoft.ai/events/47967-china-ramps-up-farm-imports-to-plug-shortages-keep-prices-down-caixin-global.md) | +0.8% | -3.1% |
| WHEAT | 2025-05-09 | [EXCLUSIVE: China buys Canadian, Australian wheat as heat hits crop, traders say \| Reuters](https://feedsoft.ai/events/24710-exclusive-china-buys-canadian-australian-wheat-as-heat-hits-crop-traders-say.md) | -0.1% | -2.5% |
| WHEAT | 2020-12-09 | [China’s Grain Imports Surge 30% on Rising Livestock Demand - Caixin Global](https://feedsoft.ai/events/49503-china-s-grain-imports-surge-30-on-rising-livestock-demand-caixin-global.md) | -1.1% | +4.5% |
| WHEAT | 2023-10-31 | [Exclusive: China snaps up Australian, French wheat as crop damage spurs buying spree](https://feedsoft.ai/events/33646-exclusive-china-snaps-up-australian-french-wheat-as-crop-damage-spurs-buying.md) | -1.7% | -1.4% |
| SOY | 2026-09-16 | [China's soybean buying revival boosts US export outlook; tariffs cloud prospects \| S&P Global](https://feedsoft.ai/events/14548-china-s-soybean-buying-revival-boosts-us-export-outlook-tariffs-cloud-prospects.md) | +0.5% | -2.7% |
| SOY | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -1.5% | -7.6% |
| SOY | 2019-10-23 | [Chinese Buyers Return to Market for U.S. Soy After Tariff Waivers Granted - Caixin Global](https://feedsoft.ai/events/56424-chinese-buyers-return-to-market-for-u-s-soy-after-tariff-waivers-granted-caixin.md) | -1.7% | -2.4% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-09-25/china-buying-spree-revives-export-profits-for-top-crop-traders-101609508.html
- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/chinas-buying-spree-revives-export-profits-for-agri-traders/article32692091.ece

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