# Market Perspectives – October 31, 2019 - Page 7 of 10 - U.S. Grains & BioProducts Council

> Argentine farmers are selling maize ahead of a new government in December, with about 50 MMT or 76% of the 2018/19 crop booked. China corn futures rose on weather and demand, and the EU crop monitor cut its maize yield forecast.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/56590-market-perspectives-october-31-2019-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), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Argentine selling pressure and EU yield cuts shape export availability, while Chinese hog-driven feed demand supports global corn values.

## Read by commodity

- CORN: neutral
- DDGS: neutral
- OCEANFRT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-31 | [Market Perspectives - October 31, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/27947-market-perspectives-october-31-2024-u-s-grains-and-bioproducts-council.md) | +2.2% | -1.3% |
| CORN | 2019-01-24 | [Market Perspectives - January 24, 2019 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/61138-market-perspectives-january-24-2019-page-7-of-11-u-s-grains-and-bioproducts.md) | +1.4% | +0.3% |
| CORN | 2018-07-26 | [Market Perspectives - July 26, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12413-market-perspectives-july-26-2018-page-7-of-11-u-s-grains-and-bioproducts-council.md) | +1.0% | -0.5% |
| CORN | 2020-02-06 | [DDGS Weekly Market Report – February 6, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/6019-ddgs-weekly-market-report-february-6-2020-u-s-grains-and-bioproducts-council.md) | -0.4% | +0.7% |
| CORN | 2023-11-09 | [Council Offers U.S. Corn, DDGS Production Updates At Market Outlook Conference In Korea - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/33272-council-offers-u-s-corn-ddgs-production-updates-at-market-outlook-conference-in.md) | -1.5% | -1.0% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-october-31-2019/
- grains.org: https://grains.org/market_perspectives/market-perspectives-october-31-2019/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-october-31-2019/9/

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