# Falling demand for wheat and corn in China could crash global markets

> Traders said Chinese buyers have made few large wheat and corn purchases for months, due to low domestic prices and record harvests. China has stockpiled grain and restricted some foreign supplies, while Turkey suspended grain imports for four months.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14743-falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weaker Chinese import demand for wheat and corn pressures global prices and could hit exporters in the US, Europe and Australia, while feed grain costs remain soft.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-06 | [Trump's China Tweets Shatter Historic Calm in Global Markets \| Fortune](https://feedsoft.ai/events/10429-trump-s-china-tweets-shatter-historic-calm-in-global-markets-fortune.md) | -3.2% | +10.5% |
| CORN | 2023-09-29 | [Ample supplies in Chinese corn market to weigh on global prices](https://feedsoft.ai/events/14817-ample-supplies-in-chinese-corn-market-to-weigh-on-global-prices.md) | +1.9% | +0.9% |
| CORN | 2022-12-09 | [China’s Grain Imports Fall Nearly 12% in First 11 Months Amid Global Turmoil, Softer Demand](https://feedsoft.ai/events/14883-china-s-grain-imports-fall-nearly-12-in-first-11-months-amid-global-turmoil.md) | +1.9% | +2.9% |
| CORN | 2018-06-18 | [Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets](https://feedsoft.ai/events/10577-weekly-analysis-new-crop-corn-soybeans-and-srw-wheat-markets.md) | -0.9% | -3.9% |
| CORN | 2018-08-22 | [China’s global currency aspirations are falling fast](https://feedsoft.ai/events/10043-china-s-global-currency-aspirations-are-falling-fast.md) | -3.1% | -3.4% |
| WHEAT | 2025-03-06 | [What’s driving global wheat markets? Grain market daily \| AHDB](https://feedsoft.ai/events/12566-what-s-driving-global-wheat-markets-grain-market-daily-ahdb.md) | -0.0% | +2.9% |
| WHEAT | 2019-05-13 | [Escalating trade war could dim global demand for commodities](https://feedsoft.ai/events/6670-escalating-trade-war-could-dim-global-demand-for-commodities.md) | -0.4% | +4.7% |
| WHEAT | 2026-10-20 | [Weak demand for US wheat increases price pressure on Ukrainian and EU markets](https://feedsoft.ai/events/458-weak-demand-for-us-wheat-increases-price-pressure-on-ukrainian-and-eu-markets.md) | -0.7% | — |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets/

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