# Why China is the Wildcard for Corn Prices - AgWeb

> USDA confirmed export sales of corn and soybeans to unknown destinations, which analysts believe are likely China. Analysts said USDA's March 31 reports showed tighter-than-expected old crop stocks, and that continued Chinese buying could tighten supplies while a halt could push prices lower.

- Date: 2023-04-05 · published 2023-04-05T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/36433-why-china-is-the-wildcard-for-corn-prices-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese import demand is the key swing factor for US old crop corn and soybean stocks. Continued buying supports prices, while a stop would likely trigger a sell-off.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-11 | [Which rose first: the price of chicken or corn?](https://feedsoft.ai/events/47259-which-rose-first-the-price-of-chicken-or-corn.md) | -7.7% | -2.5% |
| CORN | 2025-10-31 | [With a China Deal How High Will Soybean and Grain Prices Rally? What is China Already Buying? - AgWeb](https://feedsoft.ai/events/14628-with-a-china-deal-how-high-will-soybean-and-grain-prices-rally-what-is-china.md) | -0.4% | +2.7% |
| CORN | 2025-01-21 | [Export prices for barley in Ukraine reached the level of corn and feed wheat prices](https://feedsoft.ai/events/26576-export-prices-for-barley-in-ukraine-reached-the-level-of-corn-and-feed-wheat.md) | -0.5% | +3.8% |
| CORN | 2021-03-17 | [Politics or Real Demand: What’s Driving China’s Big Corn Buys This Week? - AgWeb](https://feedsoft.ai/events/10761-politics-or-real-demand-what-s-driving-china-s-big-corn-buys-this-week-agweb.md) | +11.0% | +14.2% |
| CORN | 2020-11-24 | [Why Grain Prices are Surging and What It Will Take For The Rally to Last - ProAg](https://feedsoft.ai/events/4399-why-grain-prices-are-surging-and-what-it-will-take-for-the-rally-to-last-proag.md) | -2.0% | -2.8% |
| SOY | 2024-06-14 | [China is Buying Soybeans Again, But Why? - AgWeb](https://feedsoft.ai/events/14741-china-is-buying-soybeans-again-but-why-agweb.md) | -2.4% | -9.4% |
| SOY | 2017-06-07 | [China Ag Imports Boom--Except for Corn](https://feedsoft.ai/events/70351-china-ag-imports-boom-except-for-corn.md) | +1.0% | +5.7% |
| SOY | 2025-10-31 | [With a China Deal How High Will Soybean and Grain Prices Rally? What is China Already Buying? - AgWeb](https://feedsoft.ai/events/14628-with-a-china-deal-how-high-will-soybean-and-grain-prices-rally-what-is-china.md) | +0.0% | +4.3% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/corn/why-china-wildcard-corn-prices

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