# China Demand Likely to Continue | Feed & Grain

> The USDA announced nearly 4 million metric tons of corn sold to China in the past week. The sales came as high-level U.S.-China talks began, and commentary notes that vegetable oil prices have risen sharply on tight supply and a proposed U.S. clean energy push. Soybean oil has gained over 30% since January 1.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/8504-china-demand-likely-to-continue-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Large Chinese corn purchases tighten U.S. export supplies and support corn prices. Strong soybean oil demand from biofuel expectations also supports prices in the oilseed complex.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-03-26 | 5 | +10.7% | 3.3 | USDA announced nearly 4 mt of corn sold to China in one week, a major export demand shock that supported futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-04 | [Grain Exports to China Continue Rising \| Feed & Grain](https://feedsoft.ai/events/48471-grain-exports-to-china-continue-rising-feed-and-grain.md) | -3.1% | -3.9% |
| CORN | 2020-08-26 | [China’s demand for feed grains on the rise \| Feed Strategy](https://feedsoft.ai/events/51597-china-s-demand-for-feed-grains-on-the-rise-feed-strategy.md) | +1.5% | +7.0% |
| CORN | 2018-10-02 | [Farming News - China: Grain and Feed Update](https://feedsoft.ai/events/62620-farming-news-china-grain-and-feed-update.md) | -1.1% | -0.7% |
| CORN | 2020-05-14 | [China likely to speed up buying of U.S. farm goods: COFCO exec](https://feedsoft.ai/events/52981-china-likely-to-speed-up-buying-of-u-s-farm-goods-cofco-exec.md) | -0.0% | +1.8% |
| CORN | 2021-03-18 | [Processors Struggle to Source as China Buys U.S. Corn \| Feed & Grain](https://feedsoft.ai/events/5668-processors-struggle-to-source-as-china-buys-u-s-corn-feed-and-grain.md) | +10.8% | +13.2% |
| SBO | 2026-05-19 | [White House expands trade deal with China \| World Grain](https://feedsoft.ai/events/14580-white-house-expands-trade-deal-with-china-world-grain.md) | -2.6% | -3.9% |
| SBO | 2023-02-16 | [Ukraine continues to export sunseed and soybeans at high rates](https://feedsoft.ai/events/37434-ukraine-continues-to-export-sunseed-and-soybeans-at-high-rates.md) | +1.9% | -6.8% |
| SBO | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | +2.5% | +4.0% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15387661/china-demand-likely-to-continue

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