# Corn Prices Fall Into Bear Market on Heavy Surplus, Benefiting Sugar and Downstream Processors

> China's corn futures main contract fell below 1,800 yuan/t on November 15, about 30% below the March high. The state reserve purchase price was cut to 1 yuan/jin in September, and an October 22 state reserve auction of over 1 million tonnes failed to sell. Soymeal and rapeseed meal futures also weakened.

- Date: 2026-11-15 · published 2026-11-15T13:36:50.395Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/101331-corn-prices-fall-into-bear-market-on-heavy-surplus-benefiting-sugar-and
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reserve stocks may reach 50 million tonnes or more, and the surplus pressures corn and related meal prices. Cheaper corn lowers starch and sugar costs, which could ease downstream feed-related demand and make Chinese starch more competitive for export.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-25 | [Low Prices and High Costs Worry Corn Producers in Mato Grosso](https://feedsoft.ai/events/13559-low-prices-and-high-costs-worry-corn-producers-in-mato-grosso.md) | -2.9% | -4.5% |
| CORN | 2024-06-07 | [China's Pig Prices Rebound in 2024 Due to Market Recovery and Government Intervention](https://feedsoft.ai/events/29749-china-s-pig-prices-rebound-in-2024-due-to-market-recovery-and-government.md) | +5.6% | -4.9% |
| CORN | 2025-08-14 | [High Yields, Poor Profits: Corn Farmers Search for New Demand to Drive Prices - AgWeb](https://feedsoft.ai/events/23357-high-yields-poor-profits-corn-farmers-search-for-new-demand-to-drive-prices.md) | +1.1% | +4.8% |
| CORN | 2021-06-26 | [Supreme Court ruling, Midwest rains pressure US corn and soya - Markets - Business Recorder](https://feedsoft.ai/events/46610-supreme-court-ruling-midwest-rains-pressure-us-corn-and-soya-markets-business.md) | +5.3% | -5.8% |
| CORN | 2025-02-20 | [Corn Markets Under Pressure – Profit-Taking and Argentina’s Export Tax Cut Weigh on Prices - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.](https://feedsoft.ai/events/6195-corn-markets-under-pressure-profit-taking-and-argentina-s-export-tax-cut-weigh.md) | -5.1% | -2.4% |
| SBM | 2024-06-07 | [China's Pig Prices Rebound in 2024 Due to Market Recovery and Government Intervention](https://feedsoft.ai/events/29749-china-s-pig-prices-rebound-in-2024-due-to-market-recovery-and-government.md) | +1.1% | +2.0% |
| SBM | 2021-11-03 | [Rise of biodiesel leads to jump in cooking oil prices, skyrocketing demand for soybeans \| Here & Now](https://feedsoft.ai/events/44128-rise-of-biodiesel-leads-to-jump-in-cooking-oil-prices-skyrocketing-demand-for.md) | +0.7% | +3.5% |
| SBM | 2026-01-30 | [Biofuels policy uncertainty continues to pressure soybean demand and prices - Brownfield Ag News](https://feedsoft.ai/events/15056-biofuels-policy-uncertainty-continues-to-pressure-soybean-demand-and-prices.md) | +2.0% | +8.8% |

## Sources

- fxbwd.com: https://www.fxbwd.com/113219.html

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