# China’s new approach to corn | World-grain.com | March 17, 2017 19:08 | World Grain

> China is ending its corn stockpiling program and working to cut a state reserve that peaked near 250 million tonnes. Rabobank expects a further surplus of about 30 million tonnes in 2016-17 and plans to reduce corn acreage by 9% by 2020.

- Date: 2017-03-17 · published 2017-03-17T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/71844-china-s-new-approach-to-corn-world-grain-com-march-17-2017-19-08-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Large state inventories being liquidated and acreage shifting toward soybeans weigh on China's corn import needs and domestic prices, supporting a bearish outlook for corn and a relatively firmer view for soybeans.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-04-23 | [US-China tariffs continue to hold sway over trade \| World Grain](https://feedsoft.ai/events/14671-us-china-tariffs-continue-to-hold-sway-over-trade-world-grain.md) | -2.3% | -2.4% |
| CORN | 2017-12-07 | [Corn, rice self-sufficiency campaign distorting Indonesia’s market \| World-grain.com \| December 07, 2017 15:36 \| World Grain](https://feedsoft.ai/events/67533-corn-rice-self-sufficiency-campaign-distorting-indonesia-s-market-world-grain.md) | +2.9% | +6.2% |
| CORN | 2017-09-01 | [E.U. doubles import duty for corn, sorghum, rye \| World-grain.com \| September 01, 2017 13:29 \| World Grain](https://feedsoft.ai/events/69016-e-u-doubles-import-duty-for-corn-sorghum-rye-world-grain-com-september-01-2017.md) | -0.4% | +0.8% |
| CORN | 2021-02-11 | [Argentina decides not to increase grain export taxes \| 2021-02-11  \| World Grain](https://feedsoft.ai/events/48460-argentina-decides-not-to-increase-grain-export-taxes-2021-02-11-world-grain.md) | -0.6% | +3.0% |
| CORN | 2017-03-23 | [Market Perspectives March 23, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71850-market-perspectives-march-23-2017-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.2% | -0.3% |
| SOY | 2019-04-09 | [Ukraine to plant fewer soybeans \| 2019-04-09  \| World Grain](https://feedsoft.ai/events/59676-ukraine-to-plant-fewer-soybeans-2019-04-09-world-grain.md) | -0.0% | -9.0% |
| SOY | 2020-04-24 | [Higher export taxes impact Argentina’s future soy acres \| 2020-04-24  \| World Grain](https://feedsoft.ai/events/53488-higher-export-taxes-impact-argentina-s-future-soy-acres-2020-04-24-world-grain.md) | +1.3% | -0.5% |
| SOY | 2017-07-30 | [Daily market wire 31 July 2017 - Grain Central](https://feedsoft.ai/events/7128-daily-market-wire-31-july-2017-grain-central.md) | -5.1% | -6.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/7881-china-s-new-approach-to-corn

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