# China Makes (Another) Record U.S. Corn Purchase in July, But Achieving Phase One Targets May Still be a Stretch | Farm Policy News | Illinois

> China bought 1.937 million metric tonnes of U.S. corn in a single sale, its largest ever, after an earlier July record of 1.762 million tonnes. Bloomberg analysts noted that accelerated purchases still may not be enough to reach the $36.5 billion U.S. farm goods target.

- Date: 2020-08-02 · published 2020-08-02T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/51479-china-makes-another-record-u-s-corn-purchase-in-july-but-achieving-phase-one
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large Chinese corn bookings support U.S. export demand and feed grain prices. The gap to the purchase target means further buying is likely, which keeps the price outlook supportive.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-01-05 | [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 | 2021-08-18 | [China’s Hog Herd Expands, But Sow Numbers Fall in July- U.S. Corn Exports at Record Levels \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45565-china-s-hog-herd-expands-but-sow-numbers-fall-in-july-u-s-corn-exports-at.md) | -1.4% | -10.1% |
| CORN | 2023-03-26 | [“A Flurry of Chinese Purchases of U.S. Corn,” as Brazil Seeks Further Ag Trade Opening with China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14855-a-flurry-of-chinese-purchases-of-u-s-corn-as-brazil-seeks-further-ag-trade.md) | +1.6% | -0.0% |
| 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% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2020/08/china-makes-another-record-u-s-corn-purchase-in-july-but-achieving-phase-one-targets-may-still-be-a-stretch/

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