# Chart Of Note: U.S. Exports Of Feed Grains In All Forms (GIAF) Decline In 2018/2019, But Still Represent Third Largest Year On Record - U.S. Grains & BioProducts Council

> US grain-in-all-forms exports in the 2018/2019 marketing year fell 11% from the prior record to 106 million metric tons, still the third-best year on record. Corn and sorghum accounted for 92% of the 13.3 million ton decline, while pork, beef and poultry exports posted a slight gain. The US Grains Council attributed the weakness to the China trade dispute, slowing global growth, stronger South American competition and a rising dollar.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/56530-chart-of-note-u-s-exports-of-feed-grains-in-all-forms-giaf-decline-in-2018-2019
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US corn and sorghum export volumes leave more supply domestically and weigh on export-linked corn and sorghum prices. Stronger South American competition and a firmer dollar reinforce bearish pressure on US feed grain values.

## Read by commodity

- DXY: bullish ▲
- CORN: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-16 | [DDGS Weekly Market Report – August 16, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/63626-ddgs-weekly-market-report-august-16-2018-u-s-grains-and-bioproducts-council.md) | -1.7% | -3.7% |
| CORN | 2024-12-09 | [USGC 2024/25 Corn Harvest Quality Report Shows High Yield, Low BCFM - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/13126-usgc-2024-25-corn-harvest-quality-report-shows-high-yield-low-bcfm-u-s-grains.md) | +1.9% | +6.3% |
| CORN | 2018-12-13 | [Market Perspectives - December 13, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/61482-market-perspectives-december-13-2018-u-s-grains-and-bioproducts-council.md) | -0.1% | +1.1% |
| CORN | 2018-10-25 | [Market Perspectives - October 25, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62430-market-perspectives-october-25-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | -1.3% | -5.3% |
| CORN | 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) | +2.1% | +2.6% |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2022-08-11 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the Second Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/40215-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +1.1% | +3.2% |
| DXY | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | +2.0% | +1.2% |

## Sources

- grains.org: https://grains.org/chart-of-note-u-s-exports-of-feed-grains-in-all-forms-giaf-decline-in-2018-2019-but-still-represent-third-largest-year-on-record/

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