# Asian corn import demand unlikely to see sharp increase next year, says USGC

> The U.S. Grains Council expects Asian corn import demand, especially in Southeast Asia, to stay flat in 2023. A stronger U.S. dollar and low Mississippi and Ohio river levels are raising import costs and restricting barge loadings. Egypt's weaker currency has also reduced feed grain demand.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: macro · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/14884-asian-corn-import-demand-unlikely-to-see-sharp-increase-next-year-says-usgc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Flat Asian demand and uncompetitive U.S. corn prices favor Brazilian and Argentine supplies, pressuring U.S. corn prices. Low river levels raise barge freight costs and limit Gulf export capacity.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-04 | [USD: Risk Of A USD Spike Into Year-End On A Sharp Rise In Net USD Demand - Citi - Forex Crunch](https://feedsoft.ai/events/55757-usd-risk-of-a-usd-spike-into-year-end-on-a-sharp-rise-in-net-usd-demand-citi.md) | -3.9% | +1.5% |
| CORN | 2016-12-14 | [Fed surprises with three rate hikes next year — and could need more](https://feedsoft.ai/events/6464-fed-surprises-with-three-rate-hikes-next-year-and-could-need-more.md) | -2.5% | -0.4% |
| CORN | 2020-08-31 | [Corn Prices Still Lag Because of Demand \| Hoosier Ag Today](https://feedsoft.ai/events/51640-corn-prices-still-lag-because-of-demand-hoosier-ag-today.md) | +0.2% | +5.4% |
| CORN | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -2.2% | -3.8% |
| CORN | 2016-06-21 | [Corn prices crash nearly six percent in American trade](https://feedsoft.ai/events/9748-corn-prices-crash-nearly-six-percent-in-american-trade.md) | -5.6% | -6.4% |
| DXY | 2019-12-04 | [USD: Risk Of A USD Spike Into Year-End On A Sharp Rise In Net USD Demand - Citi - Forex Crunch](https://feedsoft.ai/events/55757-usd-risk-of-a-usd-spike-into-year-end-on-a-sharp-rise-in-net-usd-demand-citi.md) | -0.5% | -1.6% |
| DXY | 2024-06-07 | [US dollar bounces as strong jobs report likely delays Fed easing this year](https://feedsoft.ai/events/8474-us-dollar-bounces-as-strong-jobs-report-likely-delays-fed-easing-this-year.md) | +1.4% | +0.8% |
| DXY | 2021-12-02 | [BUZZ COMMENT-Oil and Fed should define next year's FX trends](https://feedsoft.ai/events/43490-buzz-comment-oil-and-fed-should-define-next-year-s-fx-trends.md) | -0.4% | -0.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/asian-corn-import-demand-unlikely-to-see-sharp-increase-next-year-says-usgc/
- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/113022-interview-asian-corn-import-demand-unlikely-to-see-sharp-increase-next-year-says-usgc

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