# Soaring EU corn, sunflower imports spur ideas of volumes hitting multi-year highs - Grain Price News

> The European Commission raised its 2022-23 EU corn import forecast by 1 million tonnes to 22 million tonnes, near a record, after cutting its corn crop to 54.87 million tonnes. EU sunflower seed imports have surged eightfold to 881,943 tonnes so far in 2022-23, with Ukraine supplying 87%.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/39253-soaring-eu-corn-sunflower-imports-spur-ideas-of-volumes-hitting-multi-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Strong EU import demand for corn and sunflower seed supports Black Sea and Brazilian export prices and sunflower meal demand, while a drought-hit EU crop reduces domestic supply.

## Read by commodity

- CORN: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-26 | [Officials flag strength in EU corn prices, as crop woes lift import needs - Grain Price News](https://feedsoft.ai/events/40046-officials-flag-strength-in-eu-corn-prices-as-crop-woes-lift-import-needs-grain.md) | +0.5% | +2.0% |
| CORN | 2022-09-22 | [Exchange warns over La Nina, as it slashes Argentine wheat crop to 7-year low - Grain Price News](https://feedsoft.ai/events/39504-exchange-warns-over-la-nina-as-it-slashes-argentine-wheat-crop-to-7-year-low.md) | -2.8% | +1.3% |
| CORN | 2022-07-26 | [La Nina having 'significant effect' on Argentine corn, wheat hopes - Grain Price News](https://feedsoft.ai/events/40395-la-nina-having-significant-effect-on-argentine-corn-wheat-hopes-grain-price-news.md) | +6.6% | +4.6% |
| CORN | 2022-12-30 | [Third La Nina Year Influenced Lower Production, Forage Shortages and Higher Grain Prices](https://feedsoft.ai/events/38160-third-la-nina-year-influenced-lower-production-forage-shortages-and-higher.md) | -2.1% | -0.5% |
| CORN | 2017-04-24 | [WEEKLY GRAIN MOVEMENT: Corn planting hits high gear before rain; soy b](https://feedsoft.ai/events/8225-weekly-grain-movement-corn-planting-hits-high-gear-before-rain-soy-b.md) | +0.8% | +4.0% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/10/27/soaring-eu-corn-sunflower-imports-spur-ideas-of-volumes-hitting-multi-year-highs/

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