# There’s No Lasting Shortage Behind China’s Surging Corn Prices, Official Says  - Caixin Global

> A Chinese agriculture ministry official said there is no lasting corn shortage despite recent price surges. He blamed speculators betting on short-term shortages and said the price rise was reasonable given typhoon-related harvest costs. The Dalian January contract reached its highest level since its 2004 launch.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/5715-there-s-no-lasting-shortage-behind-china-s-surging-corn-prices-official-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Official reassurance and a good harvest outlook could cool speculative buying in China's corn futures. Lower Chinese corn prices would ease import pressure on global feed grain markets.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-07 | [Shutdown is costing farmers, says Farm Bureau official – The Hill](https://feedsoft.ai/events/61084-shutdown-is-costing-farmers-says-farm-bureau-official-the-hill.md) | -0.7% | +0.1% |
| CORN | 2022-07-20 | [China's hog supply guaranteed in H2: official-Xinhua](https://feedsoft.ai/events/40471-china-s-hog-supply-guaranteed-in-h2-official-xinhua.md) | -6.0% | -1.2% |
| CORN | 2024-12-23 | [COMMODITIES 2025: US policy shifts point toward lower DDGS prices in 2025 \| S&P Global](https://feedsoft.ai/events/26943-commodities-2025-us-policy-shifts-point-toward-lower-ddgs-prices-in-2025-s-and.md) | +0.5% | +6.9% |
| CORN | 2020-01-27 | [Chinese Grain Trade Waiting on Official Rules, Guidance on How to Implement Trade Deal](https://feedsoft.ai/events/54946-chinese-grain-trade-waiting-on-official-rules-guidance-on-how-to-implement.md) | -1.2% | -1.8% |
| CORN | 2017-10-13 | [AgroPages-Record Soy carryover in Argentina expected to pressure prices-Agricultural news](https://feedsoft.ai/events/68306-agropages-record-soy-carryover-in-argentina-expected-to-pressure-prices.md) | -0.4% | -5.5% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2020-10-23/theres-no-lasting-shortage-behind-chinas-surging-corn-prices-official-says-101618207.html

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