# China Is Planning to Buy U.S. Corn as Soon as January - Bloomberg

> Bloomberg reports Chinese officials are preparing to restart U.S. corn purchases as soon as January, possibly buying at least 3 million metric tons. Corn futures gained on the news while soybeans and wheat declined.

- Date: 2018-12-14 · published 2018-12-14T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/61442-china-is-planning-to-buy-u-s-corn-as-soon-as-january-bloomberg
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Potential Chinese corn demand of 3 million tons would tighten U.S. corn export balances and support futures, benefiting feed grain prices.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-03-24 | [Cheap U.S. Corn Lures Chinese Buyers Seeking American Grain - Bloomberg](https://feedsoft.ai/events/54195-cheap-u-s-corn-lures-chinese-buyers-seeking-american-grain-bloomberg.md) | +6.1% | -4.7% |
| 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% |
| CORN | 2021-03-22 | [China buying boatloads of U.S. corn](https://feedsoft.ai/events/47968-china-buying-boatloads-of-u-s-corn.md) | +10.7% | +12.5% |
| CORN | 2019-10-11 | [Crops Surge on Prospect China Will Step Up Buying in Trade Truce - Bloomberg](https://feedsoft.ai/events/56425-crops-surge-on-prospect-china-will-step-up-buying-in-trade-truce-bloomberg.md) | +2.8% | +0.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-12-14/china-is-said-to-be-planning-to-buy-u-s-corn-as-soon-as-january-jpnrlg1t
- ttnews.com: https://www.ttnews.com/articles/china-said-plan-buy-us-corn-soon-january

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