# Market Perspectives – September 30, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council

> The U.S. Grains Council's September 30 market report covers country news, including Argentina's record 2021/22 corn crop forecast and $620 million in export losses from low Paraná River levels. It also notes Brazil's corn tax cut and China's expected sorghum imports of 10 MMT, up from 8.5 MMT.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/45133-market-perspectives-september-30-2021-page-7-of-10-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Argentina's larger crop and Brazil's import tax cut add export supply, which is bearish for corn, while China's higher sorghum import forecast supports sorghum demand.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- DDGS: bearish ▼
- BARGE: bullish ▲
- SORGHUM: bullish ▲
- OCEANFRT: bullish ▲

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-september-30-2021/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-30-2021/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-30-2021/9/

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