# Sales to China spark price rally | The Land | NSW

> Chinese purchases of wheat and corn have lifted Australian grain prices. Russian wheat crop estimates keep being revised downward, with some analysts calling 76.5Mt versus earlier expectations of over 80Mt, and Russian growers are reluctant to sell.

- Date: 2020-07-21 · published 2020-07-21T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52072-sales-to-china-spark-price-rally-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Chinese buying and a smaller Russian crop support world wheat and corn prices, while Australian rain and forecasts underpin domestic values.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-22 | [U.S. Weekly Export Sales to China Notable in Wheat, Meats - Pro Farmer](https://feedsoft.ai/events/14904-u-s-weekly-export-sales-to-china-notable-in-wheat-meats-pro-farmer.md) | -0.2% | -10.7% |
| WHEAT | 2026-10-29 | [Wheat Rallies on China Interest Pulling Corn Along and Bottoming the Market?](https://feedsoft.ai/events/1978-wheat-rallies-on-china-interest-pulling-corn-along-and-bottoming-the-market.md) | -0.4% | — |
| WHEAT | 2021-04-14 | [Exports moving at a good clip \| The Land \| NSW](https://feedsoft.ai/events/47555-exports-moving-at-a-good-clip-the-land-nsw.md) | +4.2% | +7.6% |
| WHEAT | 2021-05-11 | [Which rose first: the price of chicken or corn?](https://feedsoft.ai/events/47259-which-rose-first-the-price-of-chicken-or-corn.md) | -1.1% | -4.4% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| CORN | 2020-07-28 | [U.S. Sorghum Prices Rally with China’s Return to the Market \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/52180-u-s-sorghum-prices-rally-with-china-s-return-to-the-market-usda-foreign.md) | -1.3% | +2.8% |
| CORN | 2020-11-30 | [Sorghum rallies on China sales \| Queensland Country Life \| QLD](https://feedsoft.ai/events/50212-sorghum-rallies-on-china-sales-queensland-country-life-qld.md) | -1.5% | -1.0% |
| CORN | 2020-11-24 | [Why Grain Prices are Surging and What It Will Take For The Rally to Last - ProAg](https://feedsoft.ai/events/4399-why-grain-prices-are-surging-and-what-it-will-take-for-the-rally-to-last-proag.md) | -2.0% | -2.8% |

## Sources

- theland.com.au: https://www.theland.com.au/story/6841288/china-the-great-unknown-in-global-wheat-and-corn-market/

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