# China Is Already Scooping Up U.S. Corn From the Next Harvest - Caixin Global

> Bloomberg reports China has bought at least 1 million metric tons of US corn for fourth-quarter shipment, with US exporters already selling over 20 million tons for the current season. Chicago July corn rose as much as 4.1% to $6.315 a bushel, the highest most-active price since 2013.

- Date: 2021-04-23 · published 2021-04-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/47455-china-is-already-scooping-up-u-s-corn-from-the-next-harvest-caixin-global
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Forward buying by China from the new crop, amid rebuilding hog herds and Brazilian dry weather, tightens global corn supplies and pushes prices higher for feed buyers.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-11 | [China Is Hoarding Grain And Corn Amid Global Food Shortages \|](https://feedsoft.ai/events/14918-china-is-hoarding-grain-and-corn-amid-global-food-shortages.md) | -14.4% | -15.9% |
| CORN | 2020-02-19 | [China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global](https://feedsoft.ai/events/54476-china-sets-up-duty-waivers-for-u-s-commodity-purchases-caixin-global.md) | -2.5% | -6.0% |
| CORN | 2021-11-24 | [China’s Corn Imports Up 236% from 2020 \| CZ app](https://feedsoft.ai/events/14982-china-s-corn-imports-up-236-from-2020-cz-app.md) | -3.8% | -0.0% |
| CORN | 2018-12-03 | [Update: China Stocks Rally After China and U.S. Agree To Delay New Tariffs - Caixin Global](https://feedsoft.ai/events/6925-update-china-stocks-rally-after-china-and-u-s-agree-to-delay-new-tariffs-caixin.md) | +6.8% | +8.4% |
| CORN | 2020-12-09 | [China’s Grain Imports Surge 30% on Rising Livestock Demand - Caixin Global](https://feedsoft.ai/events/49503-china-s-grain-imports-surge-30-on-rising-livestock-demand-caixin-global.md) | +1.3% | +9.8% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-04-23/china-is-already-scooping-up-us-corn-from-the-next-harvest-101698091.html

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