# Market Perspectives – July 16, 2020 - U.S. Grains & BioProducts Council

> USDA's July WASDE cut 2020/21 US corn ending stocks from 84.4 to 67.3 MMT, which was seen as mildly bullish. Still, December corn futures fell 7.25 cents (2.1%) for the week as traders focused on favorable US weather and fund selling.

- Date: 2020-07-16 · published 2020-07-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4467-market-perspectives-july-16-2020-u-s-grains-and-bioproducts-council
- Commodities: [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)

## Why it matters

Lower ending stocks are supportive, but favorable weather and ample expected supply dominated, pressuring corn prices. Feed buyers should expect continued softness unless weather turns.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral
- CORN: bearish ▼
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-08-29 | [Market Perspectives - August 29, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/28817-market-perspectives-august-29-2024-u-s-grains-and-bioproducts-council.md) | +5.2% | +8.6% |
| SOY | 2017-12-13 | [Market Perspectives December 14, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8426-market-perspectives-december-14-2017-u-s-grains-and-bioproducts-council.md) | -2.0% | -3.6% |
| SOY | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -3.3% | -9.4% |
| SOY | 2017-05-15 | [2017-18 Market Prospects for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/70852-2017-18-market-prospects-for-corn-and-soybeans-farmdoc-daily.md) | -0.1% | -2.4% |
| SOY | 2020-01-10 | [Grain markets fall on WASDE, Crop Production Reports](https://feedsoft.ai/events/55018-grain-markets-fall-on-wasde-crop-production-reports.md) | -1.0% | -5.5% |
| CORN | 2023-05-18 | [Market Perspectives – May 18, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7839-market-perspectives-may-18-2023-u-s-grains-and-bioproducts-council.md) | +5.6% | +2.2% |
| CORN | 2021-03-11 | [Market Perspectives – March 11, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5118-market-perspectives-march-11-2021-u-s-grains-and-bioproducts-council.md) | -7.7% | +3.4% |
| CORN | 2016-11-10 | [Market Perspectives November 10, 2016 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12242-market-perspectives-november-10-2016-u-s-grains-and-bioproducts-council.md) | -3.7% | -1.2% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-july-16-2020/
- grains.org: https://grains.org/market_perspectives/market-perspectives-july-16-2020/
- grains.org: https://grains.org/market_perspectives/market-perspectives-july-16-2020/6/

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