# Record U.S. corn, soy sales for next year signal demand strength, jitters

> Mexico leads U.S. corn bookings for both the 2021-22 and 2022-23 marketing years with 1.72 million tonnes, while China has bought 1.56 million tonnes as of April 21 and secured at least 612,000 tonnes more since. Record sales for the coming year point to strong export demand for both corn and soybeans.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/14938-record-u-s-corn-soy-sales-for-next-year-signal-demand-strength-jitters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong forward bookings tighten the expected U.S. export balance and support corn and soybean prices, which feed buyers pay through meal and grain costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-11 | [China maintains strong demand for U.S. corn, soy: USDA](https://feedsoft.ai/events/50982-china-maintains-strong-demand-for-u-s-corn-soy-usda.md) | +4.5% | +5.3% |
| CORN | 2021-02-02 | [Column: Record new-crop U.S. soybean sales fly under radar versus China’s corn haul](https://feedsoft.ai/events/48470-column-record-new-crop-u-s-soybean-sales-fly-under-radar-versus-china-s-corn.md) | +0.4% | -3.9% |
| CORN | 2021-08-11 | [Ukraine's forward sales and demand hopes support corn prices - Fastmarkets](https://feedsoft.ai/events/45600-ukraine-s-forward-sales-and-demand-hopes-support-corn-prices-fastmarkets.md) | +1.1% | -7.3% |
| CORN | 2020-07-16 | [Soy, corn higher on improving export demand for U.S. supplies \| Financial Post](https://feedsoft.ai/events/52159-soy-corn-higher-on-improving-export-demand-for-u-s-supplies-financial-post.md) | +0.8% | -0.4% |
| CORN | 2020-07-31 | [Column: U.S. corn, soybean export sales smash July records on huge China deals](https://feedsoft.ai/events/5319-column-u-s-corn-soybean-export-sales-smash-july-records-on-huge-china-deals.md) | -0.7% | +7.0% |
| SOY | 2020-09-11 | [China maintains strong demand for U.S. corn, soy: USDA](https://feedsoft.ai/events/50982-china-maintains-strong-demand-for-u-s-corn-soy-usda.md) | +4.4% | +6.6% |
| SOY | 2022-02-04 | [China scoops up U.S. soybeans for next year but corn plans unclear](https://feedsoft.ai/events/14954-china-scoops-up-u-s-soybeans-for-next-year-but-corn-plans-unclear.md) | +1.9% | +8.5% |
| SOY | 2020-08-13 | [Market analyst cites good demand for soybean strength - Brownfield Ag News](https://feedsoft.ai/events/10684-market-analyst-cites-good-demand-for-soybean-strength-brownfield-ag-news.md) | +2.5% | +10.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/record-us-corn-soy-sales-next-year-signal-demand-strength-jitters-2022-04-29/

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