# Soaring Chinese grain imports create unease on local market

> China's grain imports rose 32% in 2023 to 27.13 million tons of corn, near the 2021 record, with much of it Brazilian. Domestic corn prices hit three-year lows and local soybean meal prices also fell to three-year lows.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14780-soaring-chinese-grain-imports-create-unease-on-local-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy import inflows and weak domestic prices reduce China's near-term demand for U.S. and other exported corn and meal, pressuring global feed grain prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-28 | [China Grain Imports Plunge Amidst Tariffs - Southeast AgNET](https://feedsoft.ai/events/63421-china-grain-imports-plunge-amidst-tariffs-southeast-agnet.md) | +0.8% | +2.6% |
| CORN | 2019-08-05 | [Chinese startle U.S. grain markets \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6045-chinese-startle-u-s-grain-markets-iowa-agribusiness-radio-network.md) | -2.4% | -8.2% |
| CORN | 2018-07-20 | [Trump threatens tariffs on all $500 billion of Chinese imports](https://feedsoft.ai/events/63946-trump-threatens-tariffs-on-all-500-billion-of-chinese-imports.md) | -1.7% | -0.3% |
| CORN | 2024-08-28 | [US imports of Chinese used cooking oil set for new record, future uncertain](https://feedsoft.ai/events/15193-us-imports-of-chinese-used-cooking-oil-set-for-new-record-future-uncertain.md) | +4.4% | +6.8% |
| CORN | 2020-12-01 | [China Targets U.S. Farm Imports With Tariffs \| Feed & Grain](https://feedsoft.ai/events/49501-china-targets-u-s-farm-imports-with-tariffs-feed-and-grain.md) | -0.4% | +1.4% |
| SBM | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | -1.2% | -9.3% |
| SBM | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +4.2% |
| SBM | 2018-07-20 | [Trump threatens tariffs on all $500 billion of Chinese imports](https://feedsoft.ai/events/63946-trump-threatens-tariffs-on-all-500-billion-of-chinese-imports.md) | +1.2% | +1.8% |

## Sources

- ajot.com: https://www.ajot.com/news/soaring-chinese-grain-imports-create-unease-on-local-market

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