# US corn surplus could pose a challenge to Aus barley exports | The Land | NSW

> Rabobank says near-record US corn plantings and a demand collapse from COVID-19 and low oil prices have pushed CBOT corn near $3.00 per bushel. US corn stocks are forecast to reach 33-year highs in 2020/21. Lower ethanol margins and plant closures are cutting corn use for ethanol, which accounts for about 40% of US demand.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/53716-us-corn-surplus-could-pose-a-challenge-to-aus-barley-exports-the-land-nsw
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A large US corn surplus and weak ethanol demand lower global feed grain prices and make it harder for Australian feed barley to win export sales.

## Read by commodity

- CORN: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-12 | [China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg](https://feedsoft.ai/events/14894-china-set-to-import-brazilian-corn-in-challenge-to-us-supply-bloomberg.md) | +1.9% | -1.0% |
| CORN | 2023-02-09 | [China’s higher feed corn use could hit barley price](https://feedsoft.ai/events/37396-china-s-higher-feed-corn-use-could-hit-barley-price.md) | -1.3% | -5.2% |
| CORN | 2023-02-13 | [China’s higher feed corn use could hit barley price](https://feedsoft.ai/events/37398-china-s-higher-feed-corn-use-could-hit-barley-price.md) | -1.3% | -6.3% |
| CORN | 2019-12-09 | [The slow pace of exports lower corn prices](https://feedsoft.ai/events/9819-the-slow-pace-of-exports-lower-corn-prices.md) | -2.5% | +1.2% |
| CORN | 2026-10-08 | [Brazil Sorghum Exports Surge on China Demand - The AgriBiz](https://feedsoft.ai/events/17158-brazil-sorghum-exports-surge-on-china-demand-the-agribiz.md) | -2.4% | -5.9% |

## Sources

- theland.com.au: https://www.theland.com.au/story/6738930/us-corn-surplus-could-pose-a-challenge/

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