# Grain market review: Coarse grains | World Grain

> The IGC reported its global maize price index fell 1% over the month, while US futures gained 3% on drought and unfavorable weather in Illinois and Iowa. Russia's withdrawal from the Black Sea Grain Initiative added support, while weak Gulf export demand pressured premiums. The IGC's barley price index rose 6% month over month.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/35123-grain-market-review-coarse-grains-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Drought-driven US corn concerns and Black Sea supply risk are lifting coarse grain prices, which raises feed ingredient costs for buyers. Competition from Brazil limits how far export premiums can rise.

## Read by commodity

- CORN: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-02-25 | [Grain market review: Coarse grains \| World Grain](https://feedsoft.ai/events/26079-grain-market-review-coarse-grains-world-grain.md) | -5.8% | +0.2% |
| CORN | 2022-05-26 | [Grain market review: Coarse grains \| World Grain](https://feedsoft.ai/events/41458-grain-market-review-coarse-grains-world-grain.md) | -4.6% | -3.2% |
| CORN | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +7.1% | +10.0% |
| CORN | 2019-03-15 | [Grain market week in review - March 15, 2019](https://feedsoft.ai/events/6538-grain-market-week-in-review-march-15-2019.md) | +4.2% | -1.8% |
| CORN | 2021-05-14 | [Morning Market Review for May 14, 2021 - Morrow County Grain Growers](https://feedsoft.ai/events/12362-morning-market-review-for-may-14-2021-morrow-county-grain-growers.md) | -3.9% | +1.6% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18805-grain-market-review-coarse-grains

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