If you want to import Sony XAVC/XAVC S MXF, Canon XF-AVC MXF, Panasonic P2 MXF, or Avid MXF files to Corel VideoStudio Pro, just convert MXF to MPG so that you can edit all kinds of MXF files on Corel VideoStudio Pro X8/X7/X6 smoothly.
Corel VideoStudio Supported file formats
The supported file formats are listed below.
Supported Import Video Formats:
AVCHD, DV, HDV, AVI, MPEG-1/-2/-4, DVR-MS, DivX*,
SWF*, UIS, UISX, M2T, M2TS, TOD, MOD, M4V, WebM, 3GP,
WMV, Non-encrypted DVD titles, MOV, MKV, HEVC
MXF is notlisted as above. MXF is a “container” format used by professional camcorders and only a few high end software programs. None of the “user entry” video programs can handle MXF format. Corel video studio is not an exception for it cannot open raw MXF files. What you need to do is to transcode MXF to MPEG-2/WMV for using in Corel VideoStudio Pro natively.
For converting MXF video into editing friendly format for Corel VideoStudio Pro X9.5/X9/X8/X7/X6, the best recommendation is Brorsoft MXF Converter .
Pros
This program is so sweet. It did what I wanted. I shot some footages in my friend’s wedding by using my new C300 Mark II. I planed to make a short movie as his wedding present with these footages. Unfortunately, my Corel VideoStudio X9.5 does not support MXF. I tried other editing softwares like Sony Vagas, GrassValley, doesn’t work either. And then I got this program on Google seraching, it works well! I converted my mxf files to MPG format supported by my Corel VideoStudio. Now everything goes well. Many thanks for this great mxf converter.
Cons
Every software works great! I am so happy that I purchased Brorsoft software!!!
Summary
Just have a try, and you will love it.
For Mac users, please get MXF Converter for Mac. (or get Brorsoft MTS Converter Mac + MXF Converter Mac Bundle Sales Tool, buy one get one free)
(Note: Click here for OS X 10.5) 
Easy Steps to Edit all MXF files (Sony/Canon MXF, Panasonic P2 MXF) to Corel VideoStudio Pro
1. Run the MXF converting program on your computer. Click “Add” button to load the source MXF files. (Or you can drag & drop the MXF files to the software’s window list.)
2. Click “Format” bar to determine output format. Follow “Adobe Premiere/Sony Vegas” and select “MPEG-2(*.mpg)” as the output format. Besides, you can also choose WMV (VC-1) (*.wmv) if you want to get a relatively smaller output file.
Tips – Adjust audio and video settings
The Mac MXF Converter enables users to adjust audio and video settings before transcoding XF-AVC MXF/XAVC S MXF/P2 MXF files to MPEG-2. Click “Settings” button, then you will enter the following interface, on which you are allowed to customize size, bit rate, frame rate, sample rate, and audio channel to your required ones.
3. Click the “Convert” icon under the preview window to start encoding MXF for working with VideoStudio Pro.
Once the conversion completes, you can click “Open” button to get the output files. Now you have got it right, just to import and edit MXF with VideoStudio Pro X9.5/X9/X8.
Additional Tips:
This versatile MXF Video Converter for Mac program also supports converting MXF to iTunes, QuickTime, Windows Media Player, Windows Movie Maker, Sony Vegas, Adobe Premiere Pro, etc video player or editing programs.
If you have problems when importing or editing your Canon, Sony, Panasonic etc, camera video files, you can check out “Brorsoft Camcorder/Camera Importing Tips” or “FCE, FCP, iMovie Column“to get your solutions.