# China Makes Record U.S. Corn Purchase | Farm Policy News | Illinois

> Bloomberg reported that China made its biggest-ever purchase of U.S. corn, with exporters selling 1.762 million metric tons according to USDA. The deal follows an earlier 1.365 million tonne sale, and China is poised to meet or exceed its WTO corn import quota.

- Date: 2020-07-14 · published 2020-07-14T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record corn purchase that nears China's quota supports U.S. export prices in the near term. Beijing's new lower-tariff import permits suggest the buying can continue.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-02 | [China Makes (Another) Record U.S. Corn Purchase in July, But Achieving Phase One Targets May Still be a Stretch \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51479-china-makes-another-record-u-s-corn-purchase-in-july-but-achieving-phase-one.md) | -1.4% | +7.2% |
| 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 | 2021-08-18 | [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 | 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 | 2021-04-21 | [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% |
| SOY | 2026-08-10 | [China Ramping Up US Soybean Purchases \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14559-china-ramping-up-us-soybean-purchases-farm-policy-news-illinois.md) | +1.5% | +11.9% |
| SOY | 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) | +4.4% | +2.9% |
| SOY | 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) | +5.3% | +6.9% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2020/07/china-makes-record-u-s-corn-purchase/

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