# China props up U.S. corn, soy exports as other buyers stay quieter than usual

> China has been buying U.S. corn and soybeans at record or near-record pace in early 2023 while other import buyers have been quieter than usual. Shipments to China in January reached 5.7 million tonnes, a record for the month, and U.S. soy shipments to China continued strongly in February.

- Date: 2023-03-10 · published 2023-03-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14854-china-props-up-u-s-corn-soy-exports-as-other-buyers-stay-quieter-than-usual
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong Chinese demand absorbs U.S. corn and soybean supplies that would otherwise go to other buyers, supporting U.S. export basis and futures prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-07-24 | [Ahead of the Open \| China buys U.S. corn - Pro Farmer](https://feedsoft.ai/events/14646-ahead-of-the-open-china-buys-u-s-corn-pro-farmer.md) | +1.0% | -1.0% |
| CORN | 2024-08-14 | [Urea supply tight as China keeps exports low \| The Western Producer](https://feedsoft.ai/events/28672-urea-supply-tight-as-china-keeps-exports-low-the-western-producer.md) | -0.7% | +0.6% |
| CORN | 2021-03-18 | [Processors Struggle to Source as China Buys U.S. Corn \| Feed & Grain](https://feedsoft.ai/events/5668-processors-struggle-to-source-as-china-buys-u-s-corn-feed-and-grain.md) | +10.8% | +13.2% |
| CORN | 2022-04-04 | [USDA exports -- China buys corn - HighLine Grain Growers, Inc](https://feedsoft.ai/events/14943-usda-exports-china-buys-corn-highline-grain-growers-inc.md) | +5.4% | -0.7% |
| CORN | 2021-02-24 | [U.S. Corn Exports To China Boom - 2020 Year in Review](https://feedsoft.ai/events/48473-u-s-corn-exports-to-china-boom-2020-year-in-review.md) | +0.7% | +5.4% |
| SOY | 2021-08-01 | [China's farmers dump other crops for corn on bumper profit pull](https://feedsoft.ai/events/46088-china-s-farmers-dump-other-crops-for-corn-on-bumper-profit-pull.md) | +0.5% | -3.9% |
| SOY | 2022-04-04 | [USDA exports -- China buys corn - HighLine Grain Growers, Inc](https://feedsoft.ai/events/14943-usda-exports-china-buys-corn-highline-grain-growers-inc.md) | +6.7% | +5.8% |
| SOY | 2017-08-22 | [Chinese Buyers Ink $1.5 Billion of Contracts Prior to U.S. Soy Global Trade Exchange - U.S. Soybean Export Council](https://feedsoft.ai/events/69326-chinese-buyers-ink-1-5-billion-of-contracts-prior-to-u-s-soy-global-trade.md) | +0.3% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/china-props-up-us-corn-soy-exports-other-buyers-stay-quieter-than-usual-2023-03-10/

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