# China ramps up Brazil soy, corn purchases | World Grain

> China's soybean imports from Brazil rose sharply in November, with Brazil shipping 5.2 million tonnes, up 108% year-on-year. Brazil also supplied most of China's record 3.59 million tonnes of corn imports that month, while US soybean shipments to China fell 30%.

- Date: 2023-12-20 · published 2023-12-20T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14787-china-ramps-up-brazil-soy-corn-purchases-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheaper Brazilian supply is drawing Chinese demand away from US soybeans and adding corn supply to a market already pressured by a record domestic crop, which weighs on world prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-21 | [Report: China halts US corn, soybean orders \| World Grain](https://feedsoft.ai/events/14669-report-china-halts-us-corn-soybean-orders-world-grain.md) | +1.3% | +1.3% |
| SOY | 2019-03-22 | [U.S. grains: Corn up on China buying, flood worries - Grainews](https://feedsoft.ai/events/9642-u-s-grains-corn-up-on-china-buying-flood-worries-grainews.md) | -2.3% | -3.3% |
| SOY | 2023-04-24 | [US corn falls after China cancels purchases; drags wheat, soy lower](https://feedsoft.ai/events/10358-us-corn-falls-after-china-cancels-purchases-drags-wheat-soy-lower.md) | -2.6% | -11.9% |
| SOY | 2019-08-01 | [China’s U.S. Soybean Purchases Slump to 2004 Low](https://feedsoft.ai/events/57948-china-s-u-s-soybean-purchases-slump-to-2004-low.md) | -1.8% | -1.3% |
| SOY | 2023-09-22 | [China cuts soybean purchases from the US in August](https://feedsoft.ai/events/14811-china-cuts-soybean-purchases-from-the-us-in-august.md) | +0.5% | +1.7% |
| CORN | 2022-12-05 | [China Ramps Up Corn Purchases From Brazil as US Exports Decline - Bloomberg](https://feedsoft.ai/events/14878-china-ramps-up-corn-purchases-from-brazil-as-us-exports-decline-bloomberg.md) | -0.2% | +4.7% |
| CORN | 2025-04-21 | [Report: China halts US corn, soybean orders \| World Grain](https://feedsoft.ai/events/14669-report-china-halts-us-corn-soybean-orders-world-grain.md) | -0.1% | -5.5% |
| CORN | 2023-04-24 | [US corn falls after China cancels purchases; drags wheat, soy lower](https://feedsoft.ai/events/10358-us-corn-falls-after-china-cancels-purchases-drags-wheat-soy-lower.md) | -0.7% | -9.9% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/19413-china-ramps-up-brazil-soy-corn-purchases

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