# Market Perspectives – June 25, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council

> A USGBC market roundup reports China's sorghum imports surged in May due to a lack of corn import quota, and the government is weighing a larger corn quota. The EU raised its corn crop estimate to a possible record 71.9 MMT, and India cut its corn import tax to 15% for up to 500,000 tonnes.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52671-market-perspectives-june-25-2020-page-7-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Chinese and Indian import policy changes and a larger EU crop shift global corn and sorghum trade flows, with the EU crop cutting import demand and India's tariff cut supporting imports.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-06 | [Market Perspectives April 6, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71364-market-perspectives-april-6-2017-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +0.6% | -0.3% |
| CORN | 2022-04-28 | [Trade Is Top Priority At U.S.-China Agricultural Dialogue - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14944-trade-is-top-priority-at-u-s-china-agricultural-dialogue-u-s-grains-and.md) | -7.5% | -2.6% |
| CORN | 2023-04-26 | [Opening Statement: “Producer Perspectives on the 2023 Farm Bill” \| House Agriculture Committee](https://feedsoft.ai/events/36398-opening-statement-producer-perspectives-on-the-2023-farm-bill-house-agriculture.md) | -2.1% | -5.4% |
| CORN | 2017-07-05 | [EPA Proposes RFS Volumes Reflective of Market Realities for 2018 \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/69848-epa-proposes-rfs-volumes-reflective-of-market-realities-for-2018-u-s-epa-news.md) | +3.3% | -3.3% |
| CORN | 2017-12-21 | [Nebraska, Iowa ethanol producers hail opening of Japan’s market, expect sales to top last year’s - Governors' Biofuels Coalition](https://feedsoft.ai/events/67476-nebraska-iowa-ethanol-producers-hail-opening-of-japan-s-market-expect-sales-to.md) | +0.8% | +2.1% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-25-2020/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-25-2020/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-25-2020/9/

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