# Are China's Problems Adding to Bearish Pressures in US Corn, Soybeans?

> China bought 293 million bushels of U.S. corn and 1.142 billion bushels of U.S. soybeans so far in 2022-23. Chinese soybean and corn prices have broken lower since March, and China has been cancelling some U.S. sales.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/5568-are-china-s-problems-adding-to-bearish-pressures-in-us-corn-soybeans
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker Chinese import demand and cancelled U.S. sales reduce export demand for corn and soybeans, adding bearish pressure to U.S. prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +2.4% | +3.2% |
| CORN | 2018-06-16 | [China targets corn, soybeans](https://feedsoft.ai/events/64395-china-targets-corn-soybeans.md) | -0.9% | -3.9% |
| 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% |
| CORN | 2018-05-04 | [Angst in farm belt after reports that China halted buying US soybeans](https://feedsoft.ai/events/65058-angst-in-farm-belt-after-reports-that-china-halted-buying-us-soybeans.md) | +0.8% | +0.6% |
| CORN | 2018-04-05 | [Uneasiness spreads in farm economy with China targeting US soybeans](https://feedsoft.ai/events/65375-uneasiness-spreads-in-farm-economy-with-china-targeting-us-soybeans.md) | +1.1% | +3.0% |
| SOY | 2023-05-10 | [Soybeans face pressure on US planting weather, tepid China demand](https://feedsoft.ai/events/14841-soybeans-face-pressure-on-us-planting-weather-tepid-china-demand.md) | -6.0% | -6.3% |
| SOY | 2019-12-11 | [U.S. grains: Profit-taking pressures soybeans - Country Guide](https://feedsoft.ai/events/9817-u-s-grains-profit-taking-pressures-soybeans-country-guide.md) | +3.1% | +3.6% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/05/26/chinas-problems-adding-bearish-us

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