# What's Behind China's 83 MB Corn-Buying Spree and Will the U.S. See More Business?

> China has bought US corn in recent weeks, confirmed by flash sales, after largely staying out of the US market in the prior year. Analysts say China needs supplies as its economy reopens, and US corn has become price-competitive against Ukraine and Brazil, whose supplies are running low.

- Date: 2023-03-20 · published 2023-03-20T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/36883-what-s-behind-china-s-83-mb-corn-buying-spree-and-will-the-u-s-see-more-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Renewed Chinese buying adds export demand for US corn at a time when US export sales trail last year, supporting corn prices and freight demand for grain shipments.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-04-20 | [China buys more U.S. corn - McKeany-Flavell](https://feedsoft.ai/events/14847-china-buys-more-u-s-corn-mckeany-flavell.md) | -1.0% | -9.9% |
| CORN | 2020-08-18 | [China, facing high corn prices, buys more from U.S](https://feedsoft.ai/events/51475-china-facing-high-corn-prices-buys-more-from-u-s.md) | -0.0% | +5.4% |
| CORN | 2021-03-22 | [China buying boatloads of U.S. corn](https://feedsoft.ai/events/47968-china-buying-boatloads-of-u-s-corn.md) | +10.7% | +12.5% |
| CORN | 2021-10-05 | [China’s buying — and U.S. farms cashing in](https://feedsoft.ai/events/44412-china-s-buying-and-u-s-farms-cashing-in.md) | -1.3% | +7.4% |
| 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% |

## Sources

- agweb.com: https://www.agweb.com/markets/world-markets/whats-behind-chinas-83-mb-corn-buying-spree-and-will-us-see-more-business

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