# Foreign Demand lower as Commodity Prices rise -

> USDA export sales data for the week ending July 1 showed wheat sales above 290,000 metric tons, corn sales of 173,000 tons, and soybean purchases below 64,000 tons. China was a light buyer, with no sorghum bought in the past week and little interest in US grains overall.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/46121-foreign-demand-lower-as-commodity-prices-rise
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak Chinese buying of US sorghum, corn and soybeans reduces export demand and pressures US feed grain prices as buyers turn to cheaper alternatives.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-07-22 | [Tariffs and Commodity Prices: Impacts and Reactions - Farm Policy News](https://feedsoft.ai/events/6567-tariffs-and-commodity-prices-impacts-and-reactions-farm-policy-news.md) | -2.2% | -1.1% |
| CORN | 2019-12-09 | [The slow pace of exports lower corn prices](https://feedsoft.ai/events/9819-the-slow-pace-of-exports-lower-corn-prices.md) | -2.5% | +1.2% |
| CORN | 2017-04-13 | [DDGS prices fall 47% since June high as Chinese demand slides  : The Daily Digest](https://feedsoft.ai/events/71495-ddgs-prices-fall-47-since-june-high-as-chinese-demand-slides-the-daily-digest.md) | -2.1% | +0.9% |
| CORN | 2024-07-31 | [Commodity flows at risk should Trump spark tit-for-tat trade war \| Reuters](https://feedsoft.ai/events/14736-commodity-flows-at-risk-should-trump-spark-tit-for-tat-trade-war-reuters.md) | -0.2% | -4.2% |
| CORN | 2024-10-31 | [Export demand for corn in Ukraine remains high, although world prices are under pressure from cheap US corn supply](https://feedsoft.ai/events/27878-export-demand-for-corn-in-ukraine-remains-high-although-world-prices-are-under.md) | +2.2% | -1.3% |
| SOY | 2018-07-22 | [Tariffs and Commodity Prices: Impacts and Reactions - Farm Policy News](https://feedsoft.ai/events/6567-tariffs-and-commodity-prices-impacts-and-reactions-farm-policy-news.md) | +2.4% | +3.7% |
| SOY | 2020-05-04 | [Waning demand for CPO threatens exports, price](https://feedsoft.ai/events/11552-waning-demand-for-cpo-threatens-exports-price.md) | +0.2% | -0.8% |
| SOY | 2019-01-17 | [Soybean Closed Lower Amid Declining Chinese Demand](https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand.md) | +2.4% | +1.0% |

## Sources

- allagnews.com: https://www.allagnews.com/foreign-demand-lower-as-commodity-prices-rise/

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