# Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil

> Brazil has produced a record soybean crop this year, but its shipments to China are running behind last year's pace. China has also cancelled more than 800,000 tonnes of US corn orders as buyers wait for cheaper supplies later in the year.

- Date: 2023-05-24 · published 2023-05-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Plentiful Chinese wheat and cheaper Brazilian supply give China alternatives to US corn and soybeans, pressuring US export prices and Brazilian soybean premiums.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-12 | [China to Speed Corn Imports from Brazil Amid Ukraine War, US Tensions](https://feedsoft.ai/events/14907-china-to-speed-corn-imports-from-brazil-amid-ukraine-war-us-tensions.md) | -0.7% | -1.6% |
| CORN | 2025-11-06 | [U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand - Grainews](https://feedsoft.ai/events/8211-u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand-grainews.md) | +0.9% | +2.6% |
| CORN | 2023-12-20 | [China ramps up Brazil soy, corn purchases \| World Grain](https://feedsoft.ai/events/14787-china-ramps-up-brazil-soy-corn-purchases-world-grain.md) | +3.1% | -1.9% |
| 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 | 2023-09-29 | [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% |
| SOY | 2025-11-06 | [U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand - Grainews](https://feedsoft.ai/events/8211-u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand-grainews.md) | +0.1% | -0.0% |
| SOY | 2019-09-24 | [China's COFCO says soy exports from Brazil to slump on African swine fever crisis; corn to jump](https://feedsoft.ai/events/57093-china-s-cofco-says-soy-exports-from-brazil-to-slump-on-african-swine-fever.md) | +1.5% | +4.6% |
| SOY | 2019-03-13 | [Brazil and Canada win big from US-China trade war with record soy exports \| Supply Chain Dive](https://feedsoft.ai/events/8267-brazil-and-canada-win-big-from-us-china-trade-war-with-record-soy-exports.md) | +2.2% | +1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/china-wheat-idINL4N36D1WG/

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