# China Ramps Up Corn Purchases From Brazil as US Exports Decline - Bloomberg

> China is ramping up imports of Brazilian corn, replacing more expensive U.S. grain. Four vessels loaded with Brazilian corn are en route to China, with five more expected to sail soon. Total Brazilian corn shipments to China could pass 1 million tons for the year.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/14878-china-ramps-up-corn-purchases-from-brazil-as-us-exports-decline-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shifting Chinese demand to Brazil reduces U.S. corn export sales and weighs on U.S. corn prices. Brazil's export competitiveness supports its share of the global corn trade.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-08-12 | [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 | 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% |
| 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 | 2023-12-04 | [Secretary Vilsack addresses decline in corn exports to China \| Feed & Grain](https://feedsoft.ai/events/14792-secretary-vilsack-addresses-decline-in-corn-exports-to-china-feed-and-grain.md) | +1.7% | +3.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-12-05/china-ramps-up-corn-purchases-from-brazil-as-us-exports-decline

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