# China’s Set to Import More U.S. Corn and Squeeze Global Prices - Bloomberg

> Cofco has sold 10 million tons of imported grain to domestic private mills and will likely boost US corn purchases further. Traders estimate China's total US corn imports could reach 30 million tons next year.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50017-china-s-set-to-import-more-u-s-corn-and-squeeze-global-prices-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A potential jump in Chinese US corn imports to 30 million tons would tighten export availability and could lift global corn prices.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-14 | [China Is Planning to Buy U.S. Corn as Soon as January - Bloomberg](https://feedsoft.ai/events/61442-china-is-planning-to-buy-u-s-corn-as-soon-as-january-bloomberg.md) | +0.5% | +0.1% |
| CORN | 2020-08-18 | [China, facing high corn prices, buys more from U.S](https://feedsoft.ai/events/51475-china-facing-high-corn-prices-buys-more-from-u-s.md) | -0.0% | +5.4% |
| CORN | 2024-08-12 | [China's corn imports from US set to rise 67.6% in 2024-25 on higher Brazilian prices](https://feedsoft.ai/events/14725-china-s-corn-imports-from-us-set-to-rise-67-6-in-2024-25-on-higher-brazilian.md) | -1.6% | +1.4% |
| CORN | 2021-03-19 | [China Ramps Up Farm Imports to Plug Shortages, Keep Prices Down - Caixin Global](https://feedsoft.ai/events/47967-china-ramps-up-farm-imports-to-plug-shortages-keep-prices-down-caixin-global.md) | +11.4% | +14.1% |
| CORN | 2022-11-22 | [Mexico Signals It May Allow Exceptions to US Corn-Import Ban - Bloomberg](https://feedsoft.ai/events/38653-mexico-signals-it-may-allow-exceptions-to-us-corn-import-ban-bloomberg.md) | -1.5% | -3.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-11-26/cofco-sells-u-s-corn-to-china-mills-and-is-set-to-buy-even-more

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