# More Chinese Corn Purchases Could Narrow Local Basis | Red River Farm Network

> Corn basis widened 5 to 10 cents in the Northern Plains as ethanol plants take only scheduled deliveries. China bought U.S. corn, which is unusual for that market.

- Date: 2020-03-25 · published 2020-03-25T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/54167-more-chinese-corn-purchases-could-narrow-local-basis-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Wider basis lowers local cash bids for farmers, while Chinese purchases could narrow basis if they continue. The buying is a modest support for U.S. corn exports.

## Read by commodity

- CORN: bullish ▲
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-05-05 | [China and Mexico Buy U.S. Corn and Soybeans \| Red River Farm Network](https://feedsoft.ai/events/53115-china-and-mexico-buy-u-s-corn-and-soybeans-red-river-farm-network.md) | +0.1% | +1.4% |
| CORN | 2026-09-29 | [U.S.-China Trade Details \| Red River Farm Network](https://feedsoft.ai/events/14549-u-s-china-trade-details-red-river-farm-network.md) | -2.9% | -8.0% |
| CORN | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | -1.1% | -3.2% |
| CORN | 2020-06-19 | [Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder](https://feedsoft.ai/events/52828-yuan-firms-on-report-china-will-speed-up-us-farm-purchases-markets-business.md) | -2.4% | -0.2% |
| CORN | 2023-03-26 | [“A Flurry of Chinese Purchases of U.S. Corn,” as Brazil Seeks Further Ag Trade Opening with China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14855-a-flurry-of-chinese-purchases-of-u-s-corn-as-brazil-seeks-further-ag-trade.md) | +1.6% | -0.0% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/03/25/more-china-corn-purchases-could-narrow-local-basis/

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