# Market Perspectives - May 30, 2024 - U.S. Grains & BioProducts Council

> USDA reported 215 TMT of corn sales to Mexico and Spain was also buying US corn. EU corn exports are running well below last year, and Argentina's corn harvest is 28% complete with estimates ranging from 47.5 to 53 MMT. US sorghum cumulative exports reached 192.6 million bushels versus 65.7 million a year earlier.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/13183-market-perspectives-may-30-2024-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Steady US export demand supports corn and sorghum prices, while Argentine supply estimates and Brazilian crop size shape global competition for feed grain exports.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral
- SORGHUM: bullish ▲
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-18 | [Market Perspectives – March 18, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5672-market-perspectives-march-18-2021-u-s-grains-and-bioproducts-council.md) | +10.8% | +13.2% |
| CORN | 2017-03-16 | [Market Perspectives March 16, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8403-market-perspectives-march-16-2017-u-s-grains-and-bioproducts-council.md) | -1.1% | +0.7% |
| CORN | 2026-04-08 | [U.S. Grains Council Secures White Corn Sales To Mexico - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/19674-u-s-grains-council-secures-white-corn-sales-to-mexico-u-s-grains-and.md) | -1.0% | +2.9% |
| CORN | 2020-07-02 | [USMCA Enters Into Force, Paves Way For Improved Agricultural Market Access - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/52083-usmca-enters-into-force-paves-way-for-improved-agricultural-market-access-u-s.md) | +0.9% | -6.0% |
| CORN | 2019-11-14 | [USDA Trade Mission Emphasizes Importance Of Mexican Market - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56024-usda-trade-mission-emphasizes-importance-of-mexican-market-u-s-grains-and.md) | -0.9% | -2.6% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-may-30-2024/
- grains.org: https://grains.org/market_perspectives/market-perspectives-may-30-2024/5/
- grains.org: https://grains.org/market_perspectives/market-perspectives-may-30-2024/6/

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