# Agriculture giants are finally making money from trading again

> Major agricultural traders such as ADM and Bunge are returning to profitability as China buys heavily from the US under the phase-one deal, which commits $36.5 billion in farm purchases for 2020. Soybean futures reached a four-year high, wheat touched a near six-year high, and corn had rebounded 36% from its April low.

- Date: 2020-10-27 · published 2020-10-27T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7134-agriculture-giants-are-finally-making-money-from-trading-again
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong Chinese purchases and drought in Brazil support grain and oilseed prices, and tighter export flows raise costs for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-31 | [Agriculture trade with US going strong - Chinadaily.com.cn](https://feedsoft.ai/events/14895-agriculture-trade-with-us-going-strong-chinadaily-com-cn.md) | -2.2% | -3.8% |
| CORN | 2018-01-31 | [Make Agricultural Trade Great Again \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/66973-make-agricultural-trade-great-again-farm-bureau-intel-markets-american-farm.md) | +0.3% | +1.5% |
| CORN | 2025-01-06 | [US wins trade dispute against Mexico over genetically modified corn ban \| Agriculture Dive](https://feedsoft.ai/events/26472-us-wins-trade-dispute-against-mexico-over-genetically-modified-corn-ban.md) | +4.1% | +5.3% |
| CORN | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | +0.5% | +9.5% |
| CORN | 2019-12-14 | [Grains go green for Phase 1 trade deal — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/12111-grains-go-green-for-phase-1-trade-deal-this-week-in-the-grain-markets.md) | +4.2% | +4.8% |
| SOY | 2022-10-31 | [Agriculture trade with US going strong - Chinadaily.com.cn](https://feedsoft.ai/events/14895-agriculture-trade-with-us-going-strong-chinadaily-com-cn.md) | +4.6% | +5.0% |
| SOY | 2018-01-31 | [Make Agricultural Trade Great Again \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/66973-make-agricultural-trade-great-again-farm-bureau-intel-markets-american-farm.md) | -1.4% | +4.5% |
| SOY | 2019-07-04 | [Australian Agriculture Sector Likely To Get Impacted From The U.S-China Trade Truce](https://feedsoft.ai/events/58043-australian-agriculture-sector-likely-to-get-impacted-from-the-u-s-china-trade.md) | +1.2% | -4.3% |

## Sources

- ajot.com: https://www.ajot.com/news/agriculture-giants-are-finally-making-money-from-trading-again

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