# China intensifies imports of grains and oilseeds amid lower world prices

> China sharply increased grain and oilseed imports in May 2023, with soybean imports from Brazil up 40% year on year to 10.94 million tonnes. Buyers took advantage of low Brazilian soybean prices, and US soybean imports fell 47% in May while corn imports dropped 20%.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14833-china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Strong Chinese buying of cheap Brazilian soybeans supports Brazil's export prices and draws demand away from US origin. US corn and soybean exports to China are losing share.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-12-22 | [China to import record amount of soybeans \| 2020-12-22  \| World Grain](https://feedsoft.ai/events/49644-china-to-import-record-amount-of-soybeans-2020-12-22-world-grain.md) | +4.2% | +10.2% |
| SOY | 2022-10-24 | [China's monthly soybean imports jump \| World Grain](https://feedsoft.ai/events/14892-china-s-monthly-soybean-imports-jump-world-grain.md) | -0.6% | +2.3% |
| SOY | 2017-04-20 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71368-grains-and-oilseeds-news-in-brief.md) | -0.5% | +2.7% |
| SOY | 2024-07-12 | [Grains and oilseeds: Canada to profit from EU import tariffs - Mundus Agri](https://feedsoft.ai/events/29211-grains-and-oilseeds-canada-to-profit-from-eu-import-tariffs-mundus-agri.md) | -3.9% | -11.6% |
| SOY | 2020-04-23 | [Falling prices buoys China’s purchases of US soybeans \| 2020-04-23  \| World Grain](https://feedsoft.ai/events/53505-falling-prices-buoys-china-s-purchases-of-us-soybeans-2020-04-23-world-grain.md) | -0.4% | +1.4% |
| CORN | 2018-09-24 | [Trade war lowers China’s grain imports \| 2018-09-24  \| World Grain](https://feedsoft.ai/events/62890-trade-war-lowers-china-s-grain-imports-2018-09-24-world-grain.md) | +0.7% | +2.6% |
| CORN | 2018-10-23 | [China grain imports plunge in September amid trade war with U.S., higher prices](https://feedsoft.ai/events/62397-china-grain-imports-plunge-in-september-amid-trade-war-with-u-s-higher-prices.md) | -0.9% | -5.4% |
| CORN | 2021-07-16 | [Gro Expects Drop in China Pork Imports and Lower Corn Feed Use](https://feedsoft.ai/events/46076-gro-expects-drop-in-china-pork-imports-and-lower-corn-feed-use.md) | -0.1% | -1.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices/

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