# Strong export demand supports prices for grains - High Plains Journal

> US grain exports were strong in the third quarter, with China buying aggressively to rebuild reserves and meet Phase I commitments. An August derecho and heat in Iowa cut production expectations, though USDA still projects a 2.5-billion-bushel corn carryout.

- Date: 2020-10-03 · published 2020-10-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11637-strong-export-demand-supports-prices-for-grains-high-plains-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Robust Chinese purchases support US corn and soybean prices, though much of the demand is already reflected in USDA balance sheets. Further Chinese buying would be needed to sustain the rally.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-20 | [Feed weekly outlook: Export demand supports grain prices - Grainews](https://feedsoft.ai/events/50227-feed-weekly-outlook-export-demand-supports-grain-prices-grainews.md) | +0.1% | +1.2% |
| CORN | 2024-01-18 | [India's corn exports plunge as local prices rally on strong demand](https://feedsoft.ai/events/32179-india-s-corn-exports-plunge-as-local-prices-rally-on-strong-demand.md) | +1.1% | -5.6% |
| CORN | 2025-04-25 | [Grain transportation demand surges amid strong corn exports \| Feed & Grain](https://feedsoft.ai/events/16460-grain-transportation-demand-surges-amid-strong-corn-exports-feed-and-grain.md) | -2.1% | -1.5% |
| CORN | 2020-10-27 | [Corn futures set 14-month high on strong export demand](https://feedsoft.ai/events/5717-corn-futures-set-14-month-high-on-strong-export-demand.md) | -3.7% | +6.9% |
| CORN | 2018-12-06 | [Burgeoning U.S. Ethanol Exports Third Highest on Record; Global Demand for U.S. DDGS Remains Strong](https://feedsoft.ai/events/61562-burgeoning-u-s-ethanol-exports-third-highest-on-record-global-demand-for-u-s.md) | +0.2% | +2.0% |
| SOY | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.9% | +17.2% |
| SOY | 2020-07-16 | [Soy, corn higher on improving export demand for U.S. supplies \| Financial Post](https://feedsoft.ai/events/52159-soy-corn-higher-on-improving-export-demand-for-u-s-supplies-financial-post.md) | +1.5% | +0.5% |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |

## Sources

- hpj.com: https://hpj.com/2020/10/03/strong-export-demand-supports-prices-for-grains/

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