# Market Perspectives - July 26, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council

> China's barley purchases have more than doubled due to poor crops in Australia and Europe, and it could buy 1 MMT of Canadian barley this year. USDA puts the European barley crop at 59 MMT and Australia's at 8 MMT, both the smallest in five years. The EU expects a smaller barley crop and a possible 500 KMT malting barley shortfall.

- Date: 2018-07-26 · published 2018-07-26T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/12413-market-perspectives-july-26-2018-page-7-of-11-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Rising Chinese import demand combined with the smallest European and Australian crops in five years tightens export supplies and supports barley prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼
- CORN: neutral
- DDGS: bullish ▲
- BARLEY: bullish ▲
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-05-11 | [Daily Market Wire 11 May 2021 - Grain Central](https://feedsoft.ai/events/7465-daily-market-wire-11-may-2021-grain-central.md) | -2.0% | -2.5% |
| SOY | 2023-12-01 | [Cargill experts give overview of grain markets     - High Plains Journal](https://feedsoft.ai/events/32916-cargill-experts-give-overview-of-grain-markets-high-plains-journal.md) | -2.3% | -3.7% |
| SOY | 2018-09-19 | [Grain Market Review: Oilseeds \| 2018-09-19  \| World Grain](https://feedsoft.ai/events/63011-grain-market-review-oilseeds-2018-09-19-world-grain.md) | +3.9% | +8.7% |
| SOY | 2019-04-26 | [Grain market week in review - April 26, 2019](https://feedsoft.ai/events/10959-grain-market-week-in-review-april-26-2019.md) | -3.3% | -4.4% |
| SOY | 2017-09-11 | [US biodiesel duties could hit grain market \| The Land \| NSW](https://feedsoft.ai/events/68828-us-biodiesel-duties-could-hit-grain-market-the-land-nsw.md) | +1.3% | +1.6% |
| CORN | 2019-01-24 | [Market Perspectives - January 24, 2019 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/61138-market-perspectives-january-24-2019-page-7-of-11-u-s-grains-and-bioproducts.md) | +1.4% | +0.3% |
| CORN | 2019-10-31 | [Market Perspectives – October 31, 2019 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56590-market-perspectives-october-31-2019-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.9% | -1.2% |
| CORN | 2024-10-31 | [Market Perspectives - October 31, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/27947-market-perspectives-october-31-2024-u-s-grains-and-bioproducts-council.md) | +2.2% | -1.3% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-july-26-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-july-26-2018/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-july-26-2018/9/

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