# US and China at odds over corn import ideas after soy divergence

> USDA pegged 2024-25 Chinese corn imports at 23 million metric tons, unchanged from 2023-24. China's agriculture ministry forecast imports at 13 million tons, a five-year low, down from 19.5 million in 2023-24.

- Date: 2024-05-14 · published 2024-05-14T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/14748-us-and-china-at-odds-over-corn-import-ideas-after-soy-divergence
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The sharp gap between the USDA and Chinese government outlooks creates uncertainty over China's corn demand, a key driver of global corn export prices. The lower Chinese forecast points to softer import demand.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-21 | [China reduces soybean and corn imports, says customs - DatamarNews](https://feedsoft.ai/events/14879-china-reduces-soybean-and-corn-imports-says-customs-datamarnews.md) | +3.5% | +3.5% |
| CORN | 2024-01-26 | [USDA attache sees China 2023/24 corn imports at 20 mln tons](https://feedsoft.ai/events/14781-usda-attache-sees-china-2023-24-corn-imports-at-20-mln-tons.md) | -0.9% | -7.1% |
| CORN | 2017-02-09 | [China forecasts corn imports at decade low, spooking exporters](https://feedsoft.ai/events/72353-china-forecasts-corn-imports-at-decade-low-spooking-exporters.md) | +1.2% | -0.8% |
| CORN | 2025-02-12 | [China's grain import dynamics shift as corn declines as rice rebounds \| Feed & Grain](https://feedsoft.ai/events/14682-china-s-grain-import-dynamics-shift-as-corn-declines-as-rice-rebounds-feed-and.md) | +3.1% | -5.1% |
| CORN | 2022-11-09 | [November USDA Report Increases Corn and Soybean Production](https://feedsoft.ai/events/38642-november-usda-report-increases-corn-and-soybean-production.md) | +1.6% | -5.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-china-odds-over-corn-import-ideas-after-soy-divergence-2024-05-14/

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