# The number of corn auctions this week is nine times higher than that of last week. 11/02 Update MySheen

> China will auction 3.4 million tons of state-stored corn this week, nine times the prior week's volume, including 3 million tons from the three northeastern provinces and Inner Mongolia. Auctions began in April, a month earlier than last year, and last week's sale saw only a small fraction of offered volume transacted.

- Date: 2026-11-02 · published 2026-11-02T00:05:25.398Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/74291-the-number-of-corn-auctions-this-week-is-nine-times-higher-than-that-of-last
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavier state reserve auctions add supply to China's domestic corn market and can pressure local prices, which narrows the gap with import parity and reduces import demand.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-07-13 | [Here's Why Parched Portions of the Corn Belt Matter in the Acreage Debate - AgWeb](https://feedsoft.ai/events/45920-here-s-why-parched-portions-of-the-corn-belt-matter-in-the-acreage-debate-agweb.md) | -10.7% | -12.3% |
| CORN | 2023-03-08 | [Explainer: What is the US-Mexico GM corn dispute about? \| Reuters](https://feedsoft.ai/events/36831-explainer-what-is-the-us-mexico-gm-corn-dispute-about-reuters.md) | -1.6% | -0.6% |
| CORN | 2023-07-03 | [Mexico's ban on tortillas made using GMO corn is an argument that can be tasted : NPR](https://feedsoft.ai/events/35024-mexico-s-ban-on-tortillas-made-using-gmo-corn-is-an-argument-that-can-be-tasted.md) | +1.4% | -5.6% |
| CORN | 2025-04-04 | [Mexico Bans the Cultivation of Genetically Modified Corn, Opening Door for Other Restrictions in the Future](https://feedsoft.ai/events/25096-mexico-bans-the-cultivation-of-genetically-modified-corn-opening-door-for-other.md) | +3.4% | +2.3% |
| CORN | 2025-12-09 | [Milei Is Cutting Export Taxes on Argentine Soy, Corn and Wheat - Bloomberg](https://feedsoft.ai/events/13819-milei-is-cutting-export-taxes-on-argentine-soy-corn-and-wheat-bloomberg.md) | +0.1% | +0.5% |

## Sources

- mysheen.com: https://www.mysheen.com/a4616

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