# Market Perspectives – March 18, 2021 - U.S. Grains & BioProducts Council

> U.S. weekly export sales reached 985,900 MT, up 149% from the prior week, and corn exports hit a new marketing-year high of 2.119 MMT. Year-to-date bookings are 92% of USDA's 2020/21 corn export forecast, and sorghum sales also rose sharply.

- Date: 2021-03-18 · published 2021-03-18T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5672-market-perspectives-march-18-2021-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Strong bookings reduce available old-crop corn and sorghum supplies, supporting cash and futures prices. Traders are cautious ahead of the March 31 USDA Grain Stocks and Prospective Plantings reports.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral
- BARGE: bearish ▼
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-03-22 | 1 | +11.9% | 6.1 | Weekly export sales were up 149% and corn exports hit a marketing-year high, which strengthened the demand narrative and pushed prices up. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-16 | [Market Perspectives March 16, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8403-market-perspectives-march-16-2017-u-s-grains-and-bioproducts-council.md) | -1.1% | +0.7% |
| CORN | 2024-05-30 | [Market Perspectives - May 30, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/13183-market-perspectives-may-30-2024-u-s-grains-and-bioproducts-council.md) | -4.0% | -5.1% |
| CORN | 2020-09-10 | [Chinese Grain Purchasing In Full Swing As 2020/2021 Marketing Year Officially Starts - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/50985-chinese-grain-purchasing-in-full-swing-as-2020-2021-marketing-year-officially.md) | +5.5% | +7.4% |
| CORN | 2026-04-08 | [U.S. Grains Council Secures White Corn Sales To Mexico - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/19674-u-s-grains-council-secures-white-corn-sales-to-mexico-u-s-grains-and.md) | -1.0% | +2.9% |
| CORN | 2020-07-02 | [USMCA Enters Into Force, Paves Way For Improved Agricultural Market Access - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/52083-usmca-enters-into-force-paves-way-for-improved-agricultural-market-access-u-s.md) | +0.9% | -6.0% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-18-2021/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-18-2021/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-18-2021/7/

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