# China snapping up Canadian grains

> China has bought about a third of the grains and oilseeds Canada exported in the first five months of the crop year, according to the Canadian Grain Commission. China is also expanding its grain and oilseed storage, which now holds more than half of world stored wheat, rice and soybean meal.

- Date: 2023-02-07 · published 2023-02-07T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/37281-china-snapping-up-canadian-grains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy Chinese buying supports Canadian wheat, canola and barley prices, while its growing stockpiles could tighten export availability during future disruptions.

## Read by commodity

- SBM: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-01 | [China Quietly Buys Canadian Crops \| Feed & Grain](https://feedsoft.ai/events/49615-china-quietly-buys-canadian-crops-feed-and-grain.md) | +9.5% | +8.9% |
| WHEAT | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | -10.7% | -14.2% |
| WHEAT | 2021-04-13 | [China's Q1 soybean, grains imports surge on strong demand](https://feedsoft.ai/events/11178-china-s-q1-soybean-grains-imports-surge-on-strong-demand.md) | +4.1% | +7.2% |
| WHEAT | 2019-08-31 | [Even as Beijing shuns Canada's canola, Canadian wheat sales to China soar \| CBC News](https://feedsoft.ai/events/57707-even-as-beijing-shuns-canada-s-canola-canadian-wheat-sales-to-china-soar-cbc.md) | -2.3% | +1.7% |
| WHEAT | 2021-02-04 | [Grain Exports to China Continue Rising \| Feed & Grain](https://feedsoft.ai/events/48471-grain-exports-to-china-continue-rising-feed-and-grain.md) | -0.2% | +11.9% |
| SBM | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +0.4% | +2.4% |
| SBM | 2020-05-14 | [China’s Pigs Gobble Up Brazilian Soybeans - Caixin Global](https://feedsoft.ai/events/53094-china-s-pigs-gobble-up-brazilian-soybeans-caixin-global.md) | +0.1% | +1.6% |
| SBM | 2020-08-26 | [China’s demand for feed grains on the rise \| Feed Strategy](https://feedsoft.ai/events/51597-china-s-demand-for-feed-grains-on-the-rise-feed-strategy.md) | +3.8% | +17.3% |

## Sources

- ontariofarmer.com: https://www.ontariofarmer.com/market/china-snapping-up-canadian-grains

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