# China's COFCO says soy exports from Brazil to slump on African swine fever crisis; corn to jump

> COFCO expects soybean exports from Brazil to slump as African swine fever cuts Chinese soybean import demand, while corn exports are expected to jump. Brazilian meat processors have benefited from the outbreak, while soy farmers and traders have suffered.

- Date: 2019-09-24 · published 2019-09-24T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/57093-china-s-cofco-says-soy-exports-from-brazil-to-slump-on-african-swine-fever
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A shift from Brazilian soybeans toward corn exports changes global feed grain flows, bearish for soybean prices and supportive for corn export demand. Lower soybean meal demand from China adds pressure on soymeal.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-01-25 | [Soy source: Brazil's share of soybean exports to China hits record](https://feedsoft.ai/events/67014-soy-source-brazil-s-share-of-soybean-exports-to-china-hits-record.md) | +0.4% | +4.0% |
| SOY | 2023-05-24 | [Plentiful Chinese wheat to pile pain on corn and soy from US and Brazil](https://feedsoft.ai/events/14840-plentiful-chinese-wheat-to-pile-pain-on-corn-and-soy-from-us-and-brazil.md) | -1.7% | +13.5% |
| SOY | 2019-03-13 | [Brazil and Canada win big from US-China trade war with record soy exports \| Supply Chain Dive](https://feedsoft.ai/events/8267-brazil-and-canada-win-big-from-us-china-trade-war-with-record-soy-exports.md) | +2.2% | +1.6% |
| SOY | 2024-03-22 | [Brazil’s intrusion on US soy exports to China somewhat mimics trade-war era](https://feedsoft.ai/events/14764-brazil-s-intrusion-on-us-soy-exports-to-china-somewhat-mimics-trade-war-era.md) | -1.7% | -5.1% |
| SOY | 2019-06-25 | [China’s US soybean and pork imports down 55.3 per cent due to trade war, African swine fever \| South China Morning Post](https://feedsoft.ai/events/58593-china-s-us-soybean-and-pork-imports-down-55-3-per-cent-due-to-trade-war-african.md) | -2.6% | -2.6% |
| CORN | 2024-08-12 | [China's corn imports from US set to rise 67.6% in 2024-25 on higher Brazilian prices](https://feedsoft.ai/events/14725-china-s-corn-imports-from-us-set-to-rise-67-6-in-2024-25-on-higher-brazilian.md) | -1.6% | +1.4% |
| CORN | 2021-04-21 | [U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47453-u-s-soybean-exports-to-china-swell-in-march-as-brazil-suspends-corn-soy-import.md) | +14.7% | +11.9% |
| CORN | 2021-01-05 | [Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49008-phase-one-ag-targets-lag-but-u-s-soybean-and-corn-exports-to-china-surge-farm.md) | +3.1% | +14.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-cofco-brazil/chinas-cofco-says-soy-exports-from-brazil-to-slump-on-african-swine-fever-crisis-corn-to-jump-idUSKBN1W91RC/

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