# “A Flurry of Chinese Purchases of U.S. Corn,” as Brazil Seeks Further Ag Trade Opening with China | Farm Policy News | Illinois

> Falling U.S. corn prices, which hit a seven-month low on March 10, prompted a run of Chinese purchases, with USDA confirming a 204,000-tonne sale and eight purchases in nine business days. Weekly export sales to China reached 2.245 million tonnes in the week ended March 16, the third-largest weekly total on record. Traders expect the U.S. to remain China's dominant corn supplier until Brazil's safrinha harvest in June, with Argentina's crop reduced by drought.

- Date: 2023-03-26 · published 2023-03-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14855-a-flurry-of-chinese-purchases-of-u-s-corn-as-brazil-seeks-further-ag-trade
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese buying at low prices tightens nearby U.S. export supply and supports corn futures, while Argentine drought and a June Brazilian harvest set the timeline for how long the U.S. stays dominant.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | -1.1% | -3.2% |
| CORN | 2020-08-02 | [China Makes (Another) Record U.S. Corn Purchase in July, But Achieving Phase One Targets May Still be a Stretch \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51479-china-makes-another-record-u-s-corn-purchase-in-july-but-achieving-phase-one.md) | -1.4% | +7.2% |
| CORN | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +14.7% | +11.9% |
| CORN | 2020-08-17 | [China is far behind farm purchases needed to fulfill terms of trade deal with U.S. - Medill News Service](https://feedsoft.ai/events/51476-china-is-far-behind-farm-purchases-needed-to-fulfill-terms-of-trade-deal-with-u.md) | +1.3% | +9.3% |
| CORN | 2021-01-05 | [Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49008-phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge-farm.md) | +3.1% | +14.6% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2023/03/a-flurry-of-chinese-purchases-of-u-s-corn-as-brazil-seeks-further-ag-trade-opening-with-china/

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