# Grain Markets React Negatively to Weaker Chinese Demand, Ukraine Deal Negotiations | American Ag Network

> Grain futures fell on Tuesday after China cancelled more U.S. corn cargoes and traders questioned the USDA export and ethanol projections. Uncertainty also rose over whether Russia would renew the Black Sea Grain Deal, with a four-way meeting planned among Russia, Ukraine, the UN and Turkey.

- Date: 2023-05-10 · published 2023-05-10T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/11371-grain-markets-react-negatively-to-weaker-chinese-demand-ukraine-deal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weaker Chinese purchases and a possible USDA cut to export forecasts would raise U.S. corn carry-out, pressuring prices. Any failure to extend the Ukraine grain deal could tighten Black Sea wheat and corn supplies and support prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-05 | [Chinese startle U.S. grain markets \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6045-chinese-startle-u-s-grain-markets-iowa-agribusiness-radio-network.md) | -2.4% | -8.2% |
| CORN | 2020-07-13 | [Grain markets carry somber tone into new trading week \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/5291-grain-markets-carry-somber-tone-into-new-trading-week-iowa-agribusiness-radio.md) | -1.6% | -5.7% |
| CORN | 2026-06-04 | [Soybean Futures Drop Amid Questions Around China Demand -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/12561-soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights.md) | -2.5% | -4.5% |
| CORN | 2022-09-13 | [Ag Exports to Take Hit in 2023 and Tariffs on Chinese Imports to Stay - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/39583-ag-exports-to-take-hit-in-2023-and-tariffs-on-chinese-imports-to-stay-ag.md) | -2.9% | -2.1% |
| CORN | 2017-12-04 | [China Continues to Drive Sorghum Acreage and Consumption \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/67553-china-continues-to-drive-sorghum-acreage-and-consumption-farm-bureau-intel.md) | +0.1% | +5.5% |
| WHEAT | 2024-07-19 | [Dry Bulk Market: Ukrainian Grain Shipments to all Destinations \| World Ports Organization](https://feedsoft.ai/events/17018-dry-bulk-market-ukrainian-grain-shipments-to-all-destinations-world-ports.md) | +1.4% | +1.3% |
| WHEAT | 2019-12-09 | [Conditions and prospects of the Russian grain market, competition with the EU and Ukraine – A.Korbut](https://feedsoft.ai/events/55440-conditions-and-prospects-of-the-russian-grain-market-competition-with-the-eu.md) | -3.5% | -0.6% |
| WHEAT | 2025-09-24 | [Soybeans ease to nearly 6-week low on harvest pressure, lack of China demand - Markets - Business Recorder](https://feedsoft.ai/events/22900-soybeans-ease-to-nearly-6-week-low-on-harvest-pressure-lack-of-china-demand.md) | -0.9% | +1.3% |

## Sources

- americanagnetwork.com: https://www.americanagnetwork.com/2023/05/10/grain-markets-react-negatively-to-weaker-chinese-demand-ukraine-deal-negotiations/

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