# China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg

> China may begin importing Brazilian corn as early as December, with 45 Brazilian facilities operated by firms including Bunge, Cargill and ADM pre-approved for export. The move is part of an effort to reduce reliance on U.S. and Ukrainian supplies.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/14894-china-set-to-import-brazilian-corn-in-challenge-to-us-supply-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Diversification of Chinese corn sourcing toward Brazil reduces demand for U.S. corn exports and adds Brazilian supply to the global market.

## Read by commodity

- CORN: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2023-05-15 | [China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes](https://feedsoft.ai/events/14844-china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes.md) | -8.8% | -9.3% |
| CORN | 2024-04-05 | [Huge Chinese, Brazilian corn crops may limit US exports into 2025](https://feedsoft.ai/events/14756-huge-chinese-brazilian-corn-crops-may-limit-us-exports-into-2025.md) | -2.2% | -0.4% |
| CORN | 2022-12-08 | [China’s Brazilian corn haul surges; U.S. soy hopes briefly rise](https://feedsoft.ai/events/14877-china-s-brazilian-corn-haul-surges-u-s-soy-hopes-briefly-rise.md) | +1.0% | +3.2% |
| USDBRL | 2018-07-25 | [Why the EU Was Already Likely to Import More U.S. Soybeans - Bloomberg](https://feedsoft.ai/events/64075-why-the-eu-was-already-likely-to-import-more-u-s-soybeans-bloomberg.md) | +0.2% | +6.9% |
| USDBRL | 2018-01-29 | [Brazil overtakes becomes main  US supplier of china – Customs Today Newspaper](https://feedsoft.ai/events/66859-brazil-overtakes-becomes-main-us-supplier-of-china-customs-today-newspaper.md) | +2.2% | +2.8% |
| USDBRL | 2019-03-07 | [China's Shopping List in America Has These Farm Goods at the Top - Bloomberg](https://feedsoft.ai/events/59968-china-s-shopping-list-in-america-has-these-farm-goods-at-the-top-bloomberg.md) | +0.3% | +0.7% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-10-12/china-set-to-import-brazilian-corn-in-challenge-to-us-suppliers

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