# Ag Outlook Report makes optimistic projections – DCZ – Sino-German Agricultural Centre

> China's Ministry of Agriculture and Rural Affairs published its 2024-2033 Agricultural Outlook Report, which projects production, consumption and trade. The report says 2023 soybean output hit a record and corn production rose 4.2% to 289 million tons. Its projections point to a generally optimistic supply picture.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/14761-ag-outlook-report-makes-optimistic-projections-dcz-sino-german-agricultural
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher projected domestic output of corn and soybeans implies lower future Chinese import needs, which is bearish for global corn and soybean export demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-02-09 | [Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 \| Economic Research Service](https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural.md) | -1.3% | -5.2% |
| CORN | 2017-06-29 | [U.S. Egg Production and Exports: Recent Historical Data and Outlook](https://feedsoft.ai/events/70493-u-s-egg-production-and-exports-recent-historical-data-and-outlook.md) | +5.9% | +3.9% |
| CORN | 2023-02-16 | [USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news.md) | -0.4% | -4.9% |
| CORN | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.6% | -3.5% |
| CORN | 2024-01-16 | [Bumper corn harvest dampens price outlook \| Agriculture Dive](https://feedsoft.ai/events/32178-bumper-corn-harvest-dampens-price-outlook-agriculture-dive.md) | -0.4% | -5.4% |
| SOY | 2023-01-30 | [soy price development market report \| Agriculture](https://feedsoft.ai/events/37811-soy-price-development-market-report-agriculture.md) | +1.5% | +0.6% |
| SOY | 2024-01-13 | [Grain Journal \| USDA January World Agricultural Production Report:…](https://feedsoft.ai/events/13594-grain-journal-usda-january-world-agricultural-production-report.md) | +1.5% | -1.1% |
| SOY | 2023-02-09 | [Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 \| Economic Research Service](https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural.md) | +0.4% | +0.0% |

## Sources

- dcz-china.org: https://www.dcz-china.org/2024/04/30/ag-outlook-report-releases-optimistic-projections/

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