# Cargill experts give overview of grain markets     - High Plains Journal

> Cargill's Greg Lumsden gave a macro overview of grain markets, citing a 19 percent year-on-year rise in Brazilian production and China's first-ever purchases of Brazilian corn. He noted US yields were slightly better than forecast but still hurt by drought, and that China bought US grain for reserves.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/32916-cargill-experts-give-overview-of-grain-markets-high-plains-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising South American supply and eroding US competitiveness reduce demand for US grain exports, weighing on US corn and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-13 | [Mexico bans GMO corn imports - High Plains Journal](https://feedsoft.ai/events/44535-mexico-bans-gmo-corn-imports-high-plains-journal.md) | +0.9% | +10.7% |
| CORN | 2024-08-20 | [Grain Journal \| China Imports Record Amount of Feed Grains](https://feedsoft.ai/events/14727-grain-journal-china-imports-record-amount-of-feed-grains.md) | -3.5% | +5.3% |
| CORN | 2017-01-20 | [Ukrainian grain exports may hit new record highs - experts](https://feedsoft.ai/events/72850-ukrainian-grain-exports-may-hit-new-record-highs-experts.md) | +0.4% | +1.9% |
| CORN | 2018-09-24 | [Corn, sorghum, soybean cash bids lower - High Plains Journal](https://feedsoft.ai/events/63093-corn-sorghum-soybean-cash-bids-lower-high-plains-journal.md) | +0.7% | +2.6% |
| CORN | 2026-05-15 | [Ahead of the Open \| Grain market extends pullback overnight - Pro Farmer](https://feedsoft.ai/events/9304-ahead-of-the-open-grain-market-extends-pullback-overnight-pro-farmer.md) | +1.2% | -7.4% |
| SOY | 2018-03-08 | [Sunflower markets see upward movement again - High Plains Journal](https://feedsoft.ai/events/66101-sunflower-markets-see-upward-movement-again-high-plains-journal.md) | -2.5% | -2.3% |
| SOY | 2018-07-12 | [Sunflower markets continue downward trend - High Plains Journal](https://feedsoft.ai/events/64149-sunflower-markets-continue-downward-trend-high-plains-journal.md) | +1.5% | +7.7% |
| SOY | 2018-09-24 | [Corn, sorghum, soybean cash bids lower - High Plains Journal](https://feedsoft.ai/events/63093-corn-sorghum-soybean-cash-bids-lower-high-plains-journal.md) | -0.2% | +1.1% |

## Sources

- hpj.com: https://hpj.com/2023/12/01/cargill-experts-give-overview-of-grain-markets/

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