# U.S. corn prices slump as top buyer China turns to Brazil - Nikkei Asia

> U.S. corn prices fell to their lowest level in nearly three years as China increased imports from Brazil. Weakening demand combined with high supply is weighing on American corn values ahead of an expected bumper crop.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14810-u-s-corn-prices-slump-as-top-buyer-china-turns-to-brazil-nikkei-asia
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese buyers shifting volume to Brazilian corn reduces U.S. export demand and pressures U.S. corn futures lower, which lowers feed grain costs for buyers.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-12-18 | [Argentina, Brazil eye crop exports to China as Trump tariffs loom - Nikkei Asia](https://feedsoft.ai/events/14697-argentina-brazil-eye-crop-exports-to-china-as-trump-tariffs-loom-nikkei-asia.md) | +0.4% | +5.2% |
| CORN | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -0.0% | +5.6% |
| CORN | 2023-05-26 | [Brazil’s bin-busting corn crop poised to drive down prices](https://feedsoft.ai/events/5567-brazil-s-bin-busting-corn-crop-poised-to-drive-down-prices.md) | -4.9% | +0.1% |
| CORN | 2025-04-20 | [China halted orders for U.S. soybeans and corn before tariff escalation - Nikkei Asia](https://feedsoft.ai/events/14667-china-halted-orders-for-u-s-soybeans-and-corn-before-tariff-escalation-nikkei.md) | -0.1% | -5.5% |
| CORN | 2023-05-15 | [China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes](https://feedsoft.ai/events/14844-china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes.md) | -8.8% | -9.3% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/u.s.-corn-prices-slump-as-top-buyer-china-turns-to-brazil

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