# China books record U.S. corn purchase, also buys soybeans | Reuters

> The USDA said private exporters booked 1.762 million tonnes of U.S. corn for China, shipping in the 2020/21 marketing year starting Sept 1. China also booked 129,000 tonnes of U.S. soybeans for the same year.

- Date: 2020-07-14 · published 2020-07-14T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/51978-china-books-record-u-s-corn-purchase-also-buys-soybeans-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record-sized corn purchase by China supports U.S. export demand and firms nearby corn and soybean futures. It also brings the country closer to its Phase One purchase commitments.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-10 | [China books second-biggest U.S. corn purchase on record, also buys wheat](https://feedsoft.ai/events/51981-china-books-second-biggest-u-s-corn-purchase-on-record-also-buys-wheat.md) | -4.9% | -7.5% |
| CORN | 2022-05-02 | [China corn buys on record pace](https://feedsoft.ai/events/14932-china-corn-buys-on-record-pace.md) | -8.1% | -2.4% |
| 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 | 2021-02-12 | [China’s record corn purchases have traders wondering if bump can last](https://feedsoft.ai/events/48655-china-s-record-corn-purchases-have-traders-wondering-if-bump-can-last.md) | -1.6% | +3.1% |
| CORN | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +0.1% | +1.4% |
| SOY | 2019-10-10 | [China buys more U.S. soybeans, record volume of pork ahead of trade talks \| Reuters](https://feedsoft.ai/events/56423-china-buys-more-u-s-soybeans-record-volume-of-pork-ahead-of-trade-talks-reuters.md) | +0.5% | -0.9% |
| SOY | 2020-06-02 | [China buys U.S. soybeans after halt to U.S. purchases ordered: sources](https://feedsoft.ai/events/52462-china-buys-u-s-soybeans-after-halt-to-u-s-purchases-ordered-sources.md) | +2.9% | +3.1% |
| SOY | 2026-01-06 | [China buys more US soybeans, total purchases approach 10 million tons \| Reuters](https://feedsoft.ai/events/14610-china-buys-more-us-soybeans-total-purchases-approach-10-million-tons-reuters.md) | -1.4% | +1.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/china-books-record-us-corn-purchase-also-buys-soybeans-idUSKCN24F1TY/

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