# China moves to further diversify corn supplies | Miller Magazine

> China has sharply diversified its corn import sources since October 2022, with Brazil gaining the largest market share. Brazil shipped over 2.2 million tons in 2022/23 after a May 2022 access agreement, while Burma and Russia also increased volumes. The shift has reduced US market share due to competitive pricing.

- Date: 2023-08-04 · published 2023-08-04T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14822-china-moves-to-further-diversify-corn-supplies-miller-magazine
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Loss of Chinese corn demand to Brazil and other origins erodes US corn export prospects and keeps pressure on global corn prices.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-29 | [Ample supplies in Chinese corn market to weigh on global prices](https://feedsoft.ai/events/14817-ample-supplies-in-chinese-corn-market-to-weigh-on-global-prices.md) | +1.9% | +0.9% |
| CORN | 2022-02-25 | [China Diversifies Grain Imports, U.S. Gets Smaller Piece \| Feed & Grain](https://feedsoft.ai/events/14959-china-diversifies-grain-imports-u-s-gets-smaller-piece-feed-and-grain.md) | +6.6% | +10.3% |
| CORN | 2023-04-25 | [China's move to cancel US corn purchases leaves Asian traders in split](https://feedsoft.ai/events/14848-china-s-move-to-cancel-us-corn-purchases-leaves-asian-traders-in-split.md) | -2.4% | -6.4% |
| 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 | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +2.4% | +3.2% |

## Sources

- millermagazine.com: https://millermagazine.com/blog/china-moves-to-further-diversify-corn-supplies-5286

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