# Brazil moves closer to China corn exports as Beijing approves traders | Reuters

> China has approved Brazilian traders to export corn to China, moving Brazil closer to supplying the Chinese market. China had relied mainly on the United States and Ukraine for corn, and Russia's invasion of Ukraine disrupted that supply.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/14886-brazil-moves-closer-to-china-corn-exports-as-beijing-approves-traders-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Brazilian corn gaining access to China shifts trade flows away from US exporters, adding competition and pressuring US corn export prices.

## Read by commodity

- CORN: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-18 | [U.S. comes closer to losing corn export crown to Brazil](https://feedsoft.ai/events/14871-u-s-comes-closer-to-losing-corn-export-crown-to-brazil.md) | -1.7% | -1.0% |
| CORN | 2022-12-05 | [China Ramps Up Corn Purchases From Brazil as US Exports Decline - Bloomberg](https://feedsoft.ai/events/14878-china-ramps-up-corn-purchases-from-brazil-as-us-exports-decline-bloomberg.md) | -0.2% | +4.7% |
| CORN | 2024-12-12 | [Trump trade war to hurt farmers as China turns to Brazil](https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil.md) | -0.0% | +5.6% |
| 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% |
| CORN | 2023-04-25 | [China's move to cancel US corn purchases leaves Asian traders in split](https://feedsoft.ai/events/14848-china-s-move-to-cancel-us-corn-purchases-leaves-asian-traders-in-split.md) | -2.4% | -6.4% |
| USDBRL | 2023-01-27 | [FAS Report Highlights China’s Corn Imports From Brazil; While Rice Prices Climb \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14874-fas-report-highlights-china-s-corn-imports-from-brazil-while-rice-prices-climb.md) | -1.4% | +1.9% |
| USDBRL | 2019-08-16 | [China boosts Brazil soy imports as Argentina hoards crops \| Buenos Aires Times](https://feedsoft.ai/events/57429-china-boosts-brazil-soy-imports-as-argentina-hoards-crops-buenos-aires-times.md) | +1.1% | +1.3% |
| USDBRL | 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) | +1.5% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/brazil-moves-closer-china-corn-exports-beijing-approves-traders-2022-11-03/

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