According to data from China’s General Administration of Customs, the country's corn imports for the month of October amount to 550,000 tonnes

Price trends and shifting market dynamics

The 3 factors that may change how the deal operates

Cumulative sales for the 2022-23 season down 41% from last year

Grain exports from Black Sea threatened as Russia pulls out of free corridor deal

Farmer sales of the 2022-23 wheat crop surged by 135%

Severe droughts during spring and summer and significant pest damage contribute to a substantial decline in yields

According to official customs office data, Brazil has exported 3.3 million tonnes of corn and 2.1 million tonnes of soybeans in the first two weeks of October

As government withdraws incentive to sell, sales reach lowest level since end of August

The country’s grain exporters association, ANEC, had projected Brazilian corn exports to range between 6 and 7.1 million tonnes