# Poor Chinese demand a setback for grain exports - AgCanada

> Canadian grain exports through December 2019 were well behind the prior year, with China's takings falling to 2.4 million tonnes from 7.5 million. Canadian canola exports to China were down 74% and wheat down 73%, while soybean sales to China were nil. Peas and barley to China rose, and durum exports to Italy and Turkey increased.

- Date: 2020-02-01 · published 2020-02-01T12:00:00.000Z
- Category: trade · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54586-poor-chinese-demand-a-setback-for-grain-exports-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lost Chinese demand is redirecting Canadian grain to other buyers, leaving more supply to compete in alternative export markets. This is mildly bearish for Canadian wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +5.3% | +9.6% |
| WHEAT | 2020-01-31 | [Canadian grain exports behind on year due to poor Chinese demand](https://feedsoft.ai/events/55054-canadian-grain-exports-behind-on-year-due-to-poor-chinese-demand.md) | -0.2% | +2.9% |
| WHEAT | 2022-09-26 | [Chinese demand for grain imports takes tumble \| The Western Producer](https://feedsoft.ai/events/14900-chinese-demand-for-grain-imports-takes-tumble-the-western-producer.md) | +0.6% | -10.1% |
| WHEAT | 2023-12-07 | [China accounting for bulk of Canadian canola exports so far - Grainews](https://feedsoft.ai/events/32656-china-accounting-for-bulk-of-canadian-canola-exports-so-far-grainews.md) | -4.0% | +1.1% |
| WHEAT | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | -4.0% | -3.9% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/poor-chinese-demand-a-setback-for-grain-exports

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