# US corn, soy exporters continue battling huge Brazilian supplies | Reuters

> US corn and soybean exporters are competing with large Brazilian supplies. China has secured about 780,000 tons of US corn for 2023-24, compared with 3.4 million tons a year earlier. The US corn sales pace implies the current export target cannot be met.

- Date: 2023-10-06 · published 2023-10-06T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/14806-us-corn-soy-exporters-continue-battling-huge-brazilian-supplies-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy Brazilian supply and weak Chinese purchases of US corn point to lower US export demand and downward pressure on corn and soybean prices. Brazil's competitive position keeps world prices under pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-04-05 | [Huge Chinese, Brazilian corn crops may limit US exports into 2025](https://feedsoft.ai/events/14756-huge-chinese-brazilian-corn-crops-may-limit-us-exports-into-2025.md) | -2.2% | -0.4% |
| CORN | 2024-09-19 | [China forgoes US corn despite slowdown in Brazilian shipments \| Reuters](https://feedsoft.ai/events/14716-china-forgoes-us-corn-despite-slowdown-in-brazilian-shipments-reuters.md) | -0.7% | -2.4% |
| CORN | 2022-11-03 | [Brazil moves closer to China corn exports as Beijing approves traders \| Reuters](https://feedsoft.ai/events/14886-brazil-moves-closer-to-china-corn-exports-as-beijing-approves-traders-reuters.md) | -0.6% | -3.9% |
| CORN | 2022-10-12 | [China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg](https://feedsoft.ai/events/14894-china-set-to-import-brazilian-corn-in-challenge-to-us-supply-bloomberg.md) | +1.9% | -1.0% |
| CORN | 2022-12-08 | [China’s Brazilian corn haul surges; U.S. soy hopes briefly rise](https://feedsoft.ai/events/14877-china-s-brazilian-corn-haul-surges-u-s-soy-hopes-briefly-rise.md) | +1.0% | +3.2% |
| SOY | 2025-08-07 | [China soybean imports hit record July high on strong Brazil exports, US trade uncertainties \| Reuters](https://feedsoft.ai/events/12452-china-soybean-imports-hit-record-july-high-on-strong-brazil-exports-us-trade.md) | +6.4% | +5.3% |
| SOY | 2025-08-13 | [US losing out on China soybean sales as Brazil fills key supply period \| Reuters](https://feedsoft.ai/events/12449-us-losing-out-on-china-soybean-sales-as-brazil-fills-key-supply-period-reuters.md) | +0.1% | -0.6% |
| SOY | 2026-01-26 | [China to favour Brazilian soybean imports in H1 despite renewed US inflows \| Reuters](https://feedsoft.ai/events/14606-china-to-favour-brazilian-soybean-imports-in-h1-despite-renewed-us-inflows.md) | -0.3% | +6.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-corn-soy-exporters-continue-battling-huge-brazilian-supplies-2023-10-06/

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