# China Selling Corn Stockpiles, Driving Prices Down

> China announced it will stop stockpiling corn and begin selling down its large reserves, which hold more than half of the world's corn stocks. The USDA estimates US farmers may plant more corn this summer than in years, adding to supply concerns. The US Grains Council said it was surprised by the timing and will monitor the impact.

- Date: 2020-06-26 · published 2020-06-26T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/52651-china-selling-corn-stockpiles-driving-prices-down
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Chinese reserve sales add export-competing supply to a market already seen as oversupplied, which is bearish for world corn prices. Buyers should expect softer corn costs unless Chinese demand offsets the release.

## Read by commodity

- CORN: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-05-26 | [Brazil’s bin-busting corn crop poised to drive down prices](https://feedsoft.ai/events/5567-brazil-s-bin-busting-corn-crop-poised-to-drive-down-prices.md) | -4.9% | +0.1% |
| CORN | 2025-01-10 | [Barley prices and China's changing grain demand \| Stock Journal \| SA](https://feedsoft.ai/events/26573-barley-prices-and-china-s-changing-grain-demand-stock-journal-sa.md) | +3.2% | +5.6% |
| CORN | 2024-06-07 | [Rising SA barley prices, strong exports to China \| Stock Journal \| SA](https://feedsoft.ai/events/29849-rising-sa-barley-prices-strong-exports-to-china-stock-journal-sa.md) | +5.6% | -4.9% |
| CORN | 2017-05-30 | [China starts to move stockpile \| Farm Online \| ACT](https://feedsoft.ai/events/71060-china-starts-to-move-stockpile-farm-online-act.md) | -0.2% | -3.5% |
| CORN | 2023-12-20 | [Corn prices in China fall under pressure from increased supply](https://feedsoft.ai/events/14791-corn-prices-in-china-fall-under-pressure-from-increased-supply.md) | +3.1% | -1.9% |

## Sources

- ipm.org: https://www.ipm.org/2020-06-26/china-selling-corn-stockpiles-driving-prices-96596

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