# Market Perspectives – January 27, 2022 - Page 7 of 10 - U.S. Grains & BioProducts Council

> Argentina's drought has led Gro Intelligence to forecast corn output 27% below USDA's current estimate. Australian barley prices are falling on a large crop, and Brazil's Parana corn harvest is progressing with improved crop conditions. Canada expects its 2022 barley crop to recover from drought-hit 2021 levels.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/14967-market-perspectives-january-27-2022-page-7-of-10-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Argentine drought losses tighten South American corn supply and support corn prices, while the large Australian barley crop and recovering Canadian output add competing feed grain supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-03 | [Market Perspectives – June 3, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/46407-market-perspectives-june-3-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | 0.0% | -7.2% |
| SOY | 2017-06-01 | [Market Perspectives June 1, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/70520-market-perspectives-june-1-2017-u-s-grains-and-bioproducts-council.md) | +1.6% | -0.2% |
| SOY | 2025-01-28 | [Conab: crop monitoring January 27, 2025 - Cultivar Magazine](https://feedsoft.ai/events/13522-conab-crop-monitoring-january-27-2025-cultivar-magazine.md) | +1.3% | -1.3% |
| SOY | 2020-07-29 | [Will the United States produce a bumper crop? \| 2020-07-29  \| World Grain](https://feedsoft.ai/events/51959-will-the-united-states-produce-a-bumper-crop-2020-07-29-world-grain.md) | -1.4% | +1.9% |
| SOY | 2019-05-07 | [Morning Market Review for May 7, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/7492-morning-market-review-for-may-7-2019-highline-grain-growers-inc.md) | -3.2% | +7.9% |
| CORN | 2020-01-09 | [Market Perspectives – January 9, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/55185-market-perspectives-january-9-2020-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.7% | -0.7% |
| CORN | 2021-05-13 | [Market Perspectives – May 13, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7462-market-perspectives-may-13-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | -7.7% | -2.2% |
| CORN | 2021-06-03 | [Market Perspectives – June 3, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/46407-market-perspectives-june-3-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +4.4% | +4.7% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-january-27-2022/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-january-27-2022/7/

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