# USDA attache sees China 2023/24 corn imports at 20 mln tons

> A USDA Foreign Agricultural Service report from Beijing raised China's 2023/24 corn production by 4.2% after heavy rain and forecast corn imports at a conservative 20 million tonnes. It also trimmed wheat output and said sorghum imports would rise only slightly.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/14781-usda-attache-sees-china-2023-24-corn-imports-at-20-mln-tons
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower projected Chinese corn imports reduce import demand for global corn and sorghum, which is bearish for those feed grains.

## Read by commodity

- CORN: bearish ▼
- WHEAT: neutral
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-10 | [USDA Sees Record Corn Yield in 2018](https://feedsoft.ai/events/63480-usda-sees-record-corn-yield-in-2018.md) | -7.5% | -9.1% |
| 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 | 2024-05-14 | [US and China at odds over corn import ideas after soy divergence](https://feedsoft.ai/events/14748-us-and-china-at-odds-over-corn-import-ideas-after-soy-divergence.md) | +0.5% | +4.8% |
| CORN | 2024-01-12 | [USDA Sees Record Corn Yield in Friday's Latest Reports](https://feedsoft.ai/events/32068-usda-sees-record-corn-yield-in-friday-s-latest-reports.md) | -0.9% | -5.5% |
| CORN | 2021-07-06 | [Chinese corn, wheat imports slip  \| World Grain](https://feedsoft.ai/events/45928-chinese-corn-wheat-imports-slip-world-grain.md) | -1.9% | -12.4% |
| WHEAT | 2024-01-12 | [USDA Sees Record Corn Yield in Friday's Latest Reports](https://feedsoft.ai/events/32068-usda-sees-record-corn-yield-in-friday-s-latest-reports.md) | +0.4% | -1.5% |
| WHEAT | 2024-05-23 | [China's imports to determine prices \| The Western Producer](https://feedsoft.ai/events/14749-china-s-imports-to-determine-prices-the-western-producer.md) | -7.4% | -11.1% |
| WHEAT | 2022-02-24 | [USDA sees bigger soy production, exports and crush for 2022-23 \| 2022-02-24 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/42780-usda-sees-bigger-soy-production-exports-and-crush-for-2022-23-2022-02-24-agri.md) | +6.8% | +25.3% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/usda-attache-sees-china-2023-24-corn-imports-at-20-mln-tons/

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