# China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes

> China may cancel more US corn purchases after cancelling 832,000 tons in three weeks, as Brazilian corn is about $30 a ton cheaper for third-quarter delivery. Chinese hog producers are also substituting wheat for corn in feed rations as weak demand persists.

- Date: 2023-05-15 · published 2023-05-15T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/14844-china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Cheaper Brazilian supply and feed substitution reduce import demand for US corn, pressuring Chicago corn futures and US export basis.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-09-19 | [China forgoes US corn despite slowdown in Brazilian shipments \| Reuters](https://feedsoft.ai/events/14716-china-forgoes-us-corn-despite-slowdown-in-brazilian-shipments-reuters.md) | -0.7% | -2.4% |
| CORN | 2022-10-12 | [China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg](https://feedsoft.ai/events/14894-china-set-to-import-brazilian-corn-in-challenge-to-us-supply-bloomberg.md) | +1.9% | -1.0% |
| CORN | 2023-09-29 | [U.S. corn prices slump as top buyer China turns to Brazil - Nikkei Asia](https://feedsoft.ai/events/14810-u-s-corn-prices-slump-as-top-buyer-china-turns-to-brazil-nikkei-asia.md) | +1.9% | +0.9% |
| 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% |
| WHEAT | 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) | +1.8% | -4.6% |
| WHEAT | 2024-03-22 | [U.S. wheat sales to China cancelled - Manitoba Co-operator](https://feedsoft.ai/events/31246-u-s-wheat-sales-to-china-cancelled-manitoba-co-operator.md) | +1.2% | +2.7% |
| WHEAT | 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) | -2.4% | -2.7% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes/

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