# China to propose $30 billion more US agriculture purchases

> Bloomberg reported that China proposed buying an additional $30 billion a year of U.S. farm products, including soybeans, corn and wheat, as part of memoranda under discussion. Officials are also planning to discuss removing anti-dumping and anti-subsidy duties on distillers dried grains. Perdue called the proposal premature to comment on, and analysts said verification would matter more than the headline figure.

- Date: 2019-02-21 · published 2019-02-21T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A standing annual purchase commitment would support U.S. grain demand if delivered, but analysts doubt the headline will fix the soybean balance sheet without enforceable quotas. Removing DDGS duties would also widen export options for U.S. feed ingredients.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-02-21 | [China proposes to buy $30 billion more in U.S. ag products](https://feedsoft.ai/events/60475-china-proposes-to-buy-30-billion-more-in-u-s-ag-products.md) | +0.1% | +0.4% |
| SOY | 2020-01-15 | [China to purchase $36 bil of US agricultural products in 2020, $43 bil in 2021: governments \| S&P Global](https://feedsoft.ai/events/54943-china-to-purchase-36-bil-of-us-agricultural-products-in-2020-43-bil-in-2021.md) | -1.6% | -3.9% |
| 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% |
| SOY | 2023-12-11 | [China significantly steps up US grain purchases \| Agriculture Dive](https://feedsoft.ai/events/14788-china-significantly-steps-up-us-grain-purchases-agriculture-dive.md) | +0.9% | -4.8% |
| SOY | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | -4.8% | -15.3% |
| CORN | 2019-02-21 | [China proposes to buy $30 billion more in U.S. ag products](https://feedsoft.ai/events/60475-china-proposes-to-buy-30-billion-more-in-u-s-ag-products.md) | -0.3% | +2.0% |
| CORN | 2020-01-15 | [China to purchase $36 bil of US agricultural products in 2020, $43 bil in 2021: governments \| S&P Global](https://feedsoft.ai/events/54943-china-to-purchase-36-bil-of-us-agricultural-products-in-2020-43-bil-in-2021.md) | +0.3% | -2.4% |
| CORN | 2018-06-05 | [China reportedly offered to buy nearly $70 billion of US agriculture, energy products](https://feedsoft.ai/events/64397-china-reportedly-offered-to-buy-nearly-70-billion-of-us-agriculture-energy.md) | -3.0% | -8.0% |

## Sources

- ajot.com: https://www.ajot.com/news/china-to-propose-30-billion-more-u.s-agriculture-purchases

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