# China to Speed U.S. Farm Purchases After Secretive Hawaii Talks - Bloomberg

> China plans to accelerate purchases of American farm goods, including soybeans, corn and ethanol, to comply with the phase one trade deal after purchases fell behind due to the coronavirus. The plan follows talks in Hawaii, according to two people familiar with the matter. China's government has reportedly asked state-owned buyers to work toward meeting the pact.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/52461-china-to-speed-u-s-farm-purchases-after-secretive-hawaii-talks-bloomberg
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Expected faster Chinese buying of US soybeans and corn would tighten US old-crop and forward export demand and support US futures. The effect depends on whether purchases are actually shipped rather than just booked.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-07-24 | [China Approves Tariff-Free U.S. Soybean Purchases as Goodwill - Bloomberg](https://feedsoft.ai/events/57946-china-approves-tariff-free-u-s-soybean-purchases-as-goodwill-bloomberg.md) | -0.8% | -3.4% |
| SOY | 2020-08-26 | [China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg](https://feedsoft.ai/events/51649-china-said-to-expect-record-u-s-soybean-purchases-this-year-bloomberg.md) | +4.5% | +11.0% |
| SOY | 2025-11-06 | [China begins limited purchases of U.S. farm goods after Trump-Xi meet \| Reuters](https://feedsoft.ai/events/8212-china-begins-limited-purchases-of-u-s-farm-goods-after-trump-xi-meet-reuters.md) | +0.1% | -0.0% |
| SOY | 2026-10-18 | [China Returns to U.S. Soybeans With Major Purchases After Trump-Xi Summit](https://feedsoft.ai/events/14543-china-returns-to-u-s-soybeans-with-major-purchases-after-trump-xi-summit.md) | -0.4% | — |
| CORN | 2019-03-25 | [China Purchases U.S. Sorghum, Corn as Trade Talks Continue \| DRGNews](https://feedsoft.ai/events/59966-china-purchases-u-s-sorghum-corn-as-trade-talks-continue-drgnews.md) | -5.0% | -5.6% |
| CORN | 2022-08-16 | [China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan - ProAg](https://feedsoft.ai/events/14911-china-grain-purchases-remain-steady-after-concerns-over-u-s-visit-to-taiwan.md) | -3.7% | +2.5% |
| CORN | 2020-08-17 | [China is far behind farm purchases needed to fulfill terms of trade deal with U.S. - Medill News Service](https://feedsoft.ai/events/51476-china-is-far-behind-farm-purchases-needed-to-fulfill-terms-of-trade-deal-with-u.md) | +1.3% | +9.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-06-19/china-plans-to-accelerate-u-s-farm-purchases-after-hawaii-talks

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