China's economic growth projections for 2023 have been revised upwards to 5% from the initial 3% growth rate of the previous year, in line with the more optimistic forecasts by the International Monetary Fund. This recovery is largely due to the country's gradual reopening following the easing of restrictions on people movement. The resumption of economic activity is anticipated to boost demand for commodities, including agricultural products, and China has recently permitted over 90 Brazilian companies to export corn, indicating a strong demand for that commodity. Meanwhile, Brazil's corn exports to China are on the rise, with figures expected to surpass 1.5 million tons in March, and the country's corn production is on track to hit record levels despite challenges like delayed sowing and weather conditions. In the US, the Department of Agriculture predicts an increase in corn acreage for the 2023/24 season, which could lead to higher production.