# Vilsack sees China's purchases of US corn rising again, urges end to over-reliance on single markets By Reuters

> US Agriculture Secretary Tom Vilsack said Chinese purchases of US corn would rise again after a nearly 20% drop in US exports to China, which he attributed to lower Brazilian corn prices. He also said the US is working to reduce reliance on China and other large markets.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/14796-vilsack-sees-china-s-purchases-of-us-corn-rising-again-urges-end-to-over
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expectations of renewed Chinese buying would support US corn export demand, but Vilsack made no specific volume forecast. Competition from cheaper Brazilian corn continues to cap US prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-16 | [China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan - ProAg](https://feedsoft.ai/events/14911-china-grain-purchases-remain-steady-after-concerns-over-u-s-visit-to-taiwan.md) | -3.7% | +2.5% |
| CORN | 2020-06-19 | [Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder](https://feedsoft.ai/events/52828-yuan-firms-on-report-china-will-speed-up-us-farm-purchases-markets-business.md) | -2.4% | -0.2% |
| CORN | 2021-05-11 | [China makes another large purchase of US corn  \| World Grain](https://feedsoft.ai/events/46955-china-makes-another-large-purchase-of-us-corn-world-grain.md) | -7.7% | -2.5% |
| CORN | 2020-03-24 | [China makes largest U.S. grain purchases since start of trade war - UPI.com](https://feedsoft.ai/events/54008-china-makes-largest-u-s-grain-purchases-since-start-of-trade-war-upi-com.md) | +6.1% | -4.7% |
| CORN | 2020-07-14 | [China books record U.S. corn purchase, also buys soybeans \| Reuters](https://feedsoft.ai/events/51978-china-books-record-u-s-corn-purchase-also-buys-soybeans-reuters.md) | -1.1% | -3.2% |

## Sources

- investing.com: https://www.investing.com/news/economy/vilsack-sees-chinas-purchases-of-us-corn-rising-again-urges-end-to-overreliance-on-single-markets-3247116

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