# U.S. comes closer to losing corn export crown to Brazil

> Reuters reports the U.S. is nearing the loss of its corn export leadership to Brazil as China's purchases of U.S. corn fell after prior years of robust bookings. Brazil shipped over 1 million tonnes of corn to China in the prior month and is on track for a similar volume.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/14871-u-s-comes-closer-to-losing-corn-export-crown-to-brazil
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shifting Chinese corn buying toward Brazil reduces U.S. export demand, bearish for U.S. corn, while overall Chinese import intent remains supportive for global feed grain prices.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-03 | [Brazil moves closer to China corn exports as Beijing approves traders \| Reuters](https://feedsoft.ai/events/14886-brazil-moves-closer-to-china-corn-exports-as-beijing-approves-traders-reuters.md) | -0.6% | -3.9% |
| CORN | 2017-06-05 | [Argentine corn exports set to compete hard with Brazil, U.S.](https://feedsoft.ai/events/70519-argentine-corn-exports-set-to-compete-hard-with-brazil-u-s.md) | +2.4% | -0.6% |
| CORN | 2023-05-26 | [Brazil’s bin-busting corn crop poised to drive down prices](https://feedsoft.ai/events/5567-brazil-s-bin-busting-corn-crop-poised-to-drive-down-prices.md) | -4.9% | +0.1% |
| CORN | 2024-04-05 | [Huge Chinese, Brazilian corn crops may limit US exports into 2025](https://feedsoft.ai/events/14756-huge-chinese-brazilian-corn-crops-may-limit-us-exports-into-2025.md) | -2.2% | -0.4% |
| CORN | 2023-10-06 | [US corn, soy exporters continue battling huge Brazilian supplies \| Reuters](https://feedsoft.ai/events/14806-us-corn-soy-exporters-continue-battling-huge-brazilian-supplies-reuters.md) | -0.5% | -4.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-comes-closer-losing-corn-export-crown-brazil-2023-01-18/

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