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

> A U.S. Grains Council roundup reports Argentine corn prices fell 16 percent as low Parana River levels hindered logistics. Brazil's safrinha corn forecasts were cut after weak rains and frost in Parana, and Canada and the EU revised their corn and barley balances.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53203-market-perspectives-may-7-2020-page-7-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Brazilian crop cuts and river constraints tighten export availability, which supports corn prices even as Argentine logistics weigh on local values.

## Read by commodity

- CORN: bullish ▲
- BARGE: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-may-7-2020/7/

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