# FAS Report Highlights China’s Corn Imports From Brazil; While Rice Prices Climb | Farm Policy News | Illinois

> USDA FAS projects China's MY2022/23 corn imports at 18 million tonnes, with China holding only 3.7 MMT of U.S. corn contracts, 70 percent below a year earlier. China agreed to waive a phytosanitary clause to allow more Brazilian corn, with over 130 Brazilian facilities approved.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/14874-fas-report-highlights-china-s-corn-imports-from-brazil-while-rice-prices-climb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Sharply lower U.S. corn commitments from China and a shift to Brazilian supply weigh on U.S. corn export prospects and support Brazilian origin basis.

## Read by commodity

- CORN: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-22 | [U.S. Sorghum Exports Dwindle on “Near-Evaporation” of Chinese Demand, as China Looks to Brazilian Corn \| Farm Policy News \| Illinois](https://feedsoft.ai/events/37840-u-s-sorghum-exports-dwindle-on-near-evaporation-of-chinese-demand-as-china.md) | -0.4% | -0.6% |
| CORN | 2024-10-17 | [New US-China Trade War Could Cost Farmers Billions \| Farm Policy News \| Illinois](https://feedsoft.ai/events/27846-new-us-china-trade-war-could-cost-farmers-billions-farm-policy-news-illinois.md) | +2.1% | +2.9% |
| CORN | 2019-09-09 | [U.S., China Trade Talks Set to Resume; Agricultural Export Markets Continue to Adjust \| Farm Policy News \| Illinois](https://feedsoft.ai/events/10853-u-s-china-trade-talks-set-to-resume-agricultural-export-markets-continue-to.md) | -0.9% | +3.4% |
| 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% |
| CORN | 2018-07-22 | [Tariffs and Commodity Prices: Impacts and Reactions - Farm Policy News](https://feedsoft.ai/events/6567-tariffs-and-commodity-prices-impacts-and-reactions-farm-policy-news.md) | -2.2% | -1.1% |
| USDBRL | 2026-07-17 | [Record rice exports help lift producer prices in Brazil - DatamarNews](https://feedsoft.ai/events/9569-record-rice-exports-help-lift-producer-prices-in-brazil-datamarnews.md) | -0.2% | +1.9% |
| USDBRL | 2023-03-21 | [China soybean prices plunge amid weaker local demand, higher Brazil farmer sales](https://feedsoft.ai/events/36942-china-soybean-prices-plunge-amid-weaker-local-demand-higher-brazil-farmer-sales.md) | -0.3% | -5.8% |
| USDBRL | 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) | +0.1% | +1.3% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2023/01/fas-report-highlights-chinas-corn-imports-from-brazil-while-rice-prices-climb/

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