◂ Event Timeline

Apr 5, 2024TRADEUS

Huge Chinese, Brazilian corn crops may limit US exports into 2025

Large corn crops in China and Brazil are expected to limit US corn exports into 2025. China is also working to reduce its reliance on imports.

WHY IT MATTERS

Bigger competing supplies and lower Chinese import needs reduce demand for US corn, which weighs on US corn export prices.

AFFECTSCorn▼

SOURCE
reuters.comKaren BraunApr 5, 2024

Price reaction & history

Corn▼bearishSO FAR1d -0.1%5d -2.2%20d -0.4%

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

Oct 6, 2023US corn, soy exporters continue battling huge Brazilian supplies | Reuters-0.5%
Oct 12, 2022China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg+1.9%
Dec 5, 2022China Ramps Up Corn Purchases From Brazil as US Exports Decline - Bloomberg-0.2%
Jan 18, 2023U.S. comes closer to losing corn export crown to Brazil-1.7%
May 15, 2023China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes-8.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Corn CORN · GP ▸

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