# China’s higher feed corn use could hit barley prices

> China is using more corn in feed rations because wheat and sorghum prices are high and Chinese corn output is rising. The USDA FAS reports that Chinese mills' corn use has risen each month since July 2022. China's contracts for U.S. corn are down 70%, and it is buying more Brazilian corn, which is about $23/t cheaper.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14865-china-s-higher-feed-corn-use-could-hit-barley-prices
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher Chinese corn feeding and lower imports from the U.S. cut demand for U.S. corn and reduce competition for Canadian feed barley, which weighs on barley prices.

## Read by commodity

- CORN: neutral
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-25 | [Market developments could mean higher feed prices](https://feedsoft.ai/events/57194-market-developments-could-mean-higher-feed-prices.md) | -0.3% | +0.8% |
| CORN | 2019-04-23 | [Could China buy U.S. corn?](https://feedsoft.ai/events/59629-could-china-buy-u-s-corn.md) | -2.3% | +3.9% |
| CORN | 2021-03-18 | [Chinese Imports of Sorghum, Driving U.S. Prices Higher -](https://feedsoft.ai/events/48165-chinese-imports-of-sorghum-driving-u-s-prices-higher.md) | +10.8% | +13.2% |
| CORN | 2017-11-03 | [Feed barley marches 'lockstep' with U.S. corn - Grainews](https://feedsoft.ai/events/68063-feed-barley-marches-lockstep-with-u-s-corn-grainews.md) | -5.1% | -4.6% |
| CORN | 2017-11-24 | [Firm feed barley market capped by U.S. corn - AgCanada](https://feedsoft.ai/events/68064-firm-feed-barley-market-capped-by-u-s-corn-agcanada.md) | -0.4% | +5.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinas-higher-feed-corn-use-could-hit-barley-prices/

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