◂ Event Timeline

Jan 29, 2021TRADEUS

Column: China goes on pricey U.S. corn shopping spree amid thin supply at home

USDA confirmed three separate sales of U.S. corn to China totaling 3.74 million tonnes for delivery in the 2020-21 marketing year. The column describes China's pricey corn purchasing amid thin domestic supply.

WHY IT MATTERS

Large Chinese corn purchases tighten U.S. old-crop export availability and support corn prices, as China's import demand absorbs supplies.

AFFECTSCORN▲

SOURCE
reuters.comKaren BraunJan 29, 2021

Price reaction & history

CORN▲bullishSO FAR1d +1.4%5d +2.4%20d -0.7%

After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

Jul 11, 2022China Is Hoarding Grain And Corn Amid Global Food Shortages |-14.4%
Aug 18, 2020China, facing high corn prices, buys more from U.S-0.0%
Apr 7, 2025China soybean meal prices surge amid U.S. trade war escalation+4.0%
Mar 20, 2023What's Behind China's 83 MB Corn-Buying Spree and Will the U.S. See More Business?-0.0%
Jan 10, 2025Barley prices in Ukraine continue to rise amid a shortage of supply and hryvnia devaluation+3.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

CORN · GP ▸

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