# Cheap U.S. Corn Lures Chinese Buyers Seeking American Grain - Bloomberg

> Chinese buyers are inquiring about US corn and sorghum after purchasing the largest volume in almost seven years less than a week earlier. Crashing US prices have made the yellow grain used in feed and biofuel more attractive, while Chinese domestic demand is seen remaining strong.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/54195-cheap-u-s-corn-lures-chinese-buyers-seeking-american-grain-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Renewed Chinese interest in cheap US corn could firm export demand and support US corn values from low levels.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-25 | [Cheap US corn lures Chinese buyers seeking American grain - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/54000-cheap-us-corn-lures-chinese-buyers-seeking-american-grain-agweek-1-source-for.md) | +5.3% | -3.8% |
| 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 | 2019-03-22 | [U.S. grains: Corn up on China buying, flood worries - Grainews](https://feedsoft.ai/events/9642-u-s-grains-corn-up-on-china-buying-flood-worries-grainews.md) | -1.9% | -4.8% |
| CORN | 2020-11-26 | [China’s Set to Import More U.S. Corn and Squeeze Global Prices - Bloomberg](https://feedsoft.ai/events/50017-china-s-set-to-import-more-u-s-corn-and-squeeze-global-prices-bloomberg.md) | +0.1% | -0.9% |
| CORN | 2021-03-18 | [Processors Struggle to Source as China Buys U.S. Corn \| Feed & Grain](https://feedsoft.ai/events/5668-processors-struggle-to-source-as-china-buys-u-s-corn-feed-and-grain.md) | +10.8% | +13.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-03-24/cheap-u-s-corn-lures-chinese-buyers-seeking-american-grain

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