# Market Trends Commentary for June-July 2018 - Grain Farmers of Ontario

> The USDA's June WASDE cut US new-crop corn ending stocks to 1.577 billion bushels, down 105 million from May, and old-crop stocks to 2.1 billion. US soybean new-crop ending stocks came in below trade expectations at 385 million bushels. The USDA also raised Brazil's soybean crop by 2 MMT to 119 MMT and trimmed Brazil corn output.

- Date: 2018-06-18 · published 2018-06-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/12355-market-trends-commentary-for-june-july-2018-grain-farmers-of-ontario
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower US corn and soybean stocks tighten the feed grain balance and support prices, while the larger Brazilian soy crop partly offsets this. Feed buyers should weigh tighter US supplies against South American export competition.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-14 | [Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/10236-market-trends-commentary-for-may-june-2018-grain-farmers-of-ontario.md) | +1.7% | -1.8% |
| CORN | 2021-02-16 | [Market Trends Report - February & March 2021 - Grain Farmers of Ontario](https://feedsoft.ai/events/9249-market-trends-report-february-and-march-2021-grain-farmers-of-ontario.md) | +1.5% | -3.8% |
| CORN | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | +3.3% | -1.5% |
| CORN | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.2% | +1.6% |
| CORN | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -1.5% | -2.1% |
| SOY | 2018-05-14 | [Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/10236-market-trends-commentary-for-may-june-2018-grain-farmers-of-ontario.md) | +0.4% | -4.1% |
| SOY | 2018-01-15 | [Market trends report for January-February 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/9199-market-trends-report-for-january-february-2018-grain-farmers-of-ontario.md) | +4.3% | +6.1% |
| SOY | 2022-01-17 | [Market Trends Report – January & February 2022 - Grain Farmers of Ontario](https://feedsoft.ai/events/11815-market-trends-report-january-and-february-2022-grain-farmers-of-ontario.md) | +3.4% | +15.7% |

## Sources

- gfo.ca: https://gfo.ca/market-trends/market-trends-commentary-for-june-july-2018/

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