# Ample supplies in Chinese corn market to weigh on global prices

> China's corn harvest is underway with output forecast at a record 285 million tonnes by the agriculture ministry, though private estimates are lower. Brazilian corn arrivals are surging, with LSEG estimating 1.22 million tonnes shipped in September.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14817-ample-supplies-in-chinese-corn-market-to-weigh-on-global-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large Chinese crop plus rising Brazilian imports reduces China's need for foreign corn, pressuring global corn prices already near three-year lows.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-10-29 | [Growing corn supplies put pressure on prices in Ukraine and the EU](https://feedsoft.ai/events/1984-growing-corn-supplies-put-pressure-on-prices-in-ukraine-and-the-eu.md) | -1.5% | — |
| CORN | 2024-06-13 | [Falling demand for wheat and corn in China could crash global markets](https://feedsoft.ai/events/14743-falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets.md) | -2.1% | -8.8% |
| CORN | 2022-06-22 | [Chinese Farmers Bought More US Sorghum in May Amid Wheat, Corn Price Hikes](https://feedsoft.ai/events/40987-chinese-farmers-bought-more-us-sorghum-in-may-amid-wheat-corn-price-hikes.md) | +1.4% | -9.8% |
| CORN | 2023-01-23 | [Feed barley price drops 5 cents in Europe, pressure on global grain market](https://feedsoft.ai/events/37845-feed-barley-price-drops-5-cents-in-europe-pressure-on-global-grain-market.md) | -0.4% | -0.6% |
| CORN | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -3.4% | -0.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/ample-supplies-in-chinese-corn-market-to-weigh-on-global-prices/

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