◂ Event Timeline

Feb 9, 2017REPORTChina

China forecasts corn imports at decade low, spooking exporters

China's Ministry of Agriculture forecast corn imports for the 2016/17 crop year at 800,000 tonnes, down 200,000 tonnes from its previous estimate, marking a decade low. The USDA expects imports of around 3 million tonnes.

WHY IT MATTERS

Lower Chinese corn imports reduce demand for exported corn and weigh on global corn export prices, while the gap versus USDA's forecast highlights uncertainty in import demand.

AFFECTSCorn▼

2 SOURCES
ctrmcenter.comPatrick ReamesFeb 9, 2017
reuters.comHallie GuFeb 9, 2017

Price reaction & history

Corn▼bearishSO FAR1d -0.2%5d +1.2%20d -0.8%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

Jun 23, 2017FAS USDA lowers the forecast for corn import from Mexico-0.6%
Jul 12, 2021U.S. corn ending stocks top forecasts in WASDE report-6.7%
Jan 20, 2026CHINA DATA: Dec corn imports climb 44.2% MOM, wheat imports 65% lower at 3.89 mil mt | S&P Global+0.9%
Sep 18, 2025USDA lowers corn, soybean yield forecasts – AgriNews-0.6%
Jan 26, 2024USDA attache sees China 2023/24 corn imports at 20 mln tons-0.9%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Corn CORN · GP ▸

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