# China’s Brazilian corn haul surges; U.S. soy hopes briefly rise

> China has been buying some U.S. soybeans in recent days, though daily amounts are smaller than in past periods. Buying from unknown destinations, often assumed to be China, adds to the picture. Brazilian corn shipments to China have also risen sharply.

- Date: 2022-12-08 · published 2022-12-08T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14877-china-s-brazilian-corn-haul-surges-u-s-soy-hopes-briefly-rise
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Renewed Chinese soybean purchases support U.S. soy export demand and prices. Heavier Brazilian corn flows to China add export competition for U.S. corn.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-20 | [China's 2021 soy imports from U.S. rise while Brazilian shipments fall \| Reuters](https://feedsoft.ai/events/14961-china-s-2021-soy-imports-from-u-s-rise-while-brazilian-shipments-fall-reuters.md) | +3.5% | +14.1% |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| SOY | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +3.9% | +4.6% |
| SOY | 2024-06-11 | [China Scoops Up American Soy After Brazil’s Surprise Tax Change - Bloomberg](https://feedsoft.ai/events/14740-china-scoops-up-american-soy-after-brazil-s-surprise-tax-change-bloomberg.md) | -2.6% | -4.0% |
| SOY | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +1.3% | +3.6% |
| CORN | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.2% | -4.0% |
| CORN | 2023-12-20 | [China ramps up Brazil soy, corn purchases \| World Grain](https://feedsoft.ai/events/14787-china-ramps-up-brazil-soy-corn-purchases-world-grain.md) | +3.1% | -1.9% |
| CORN | 2022-10-12 | [China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg](https://feedsoft.ai/events/14894-china-set-to-import-brazilian-corn-in-challenge-to-us-supply-bloomberg.md) | +1.9% | -1.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/chinas-brazilian-corn-haul-surges-us-soy-hopes-briefly-rise-2022-12-08/

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