# Market Perspectives - December 20, 2018 - U.S. Grains & BioProducts Council

> March corn futures fell about 9.5 cents for the week as speculators sold rallies. The Cattle on Feed report showed on-feed inventories 2% above last year and placements above expectations. Weekly export sales hit a marketing-year high of 1.97 MMT, led by Mexico, and cash corn prices were trending higher.

- Date: 2018-12-20 · published 2018-12-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61605-market-perspectives-december-20-2018-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Strong cattle feeding and export demand support corn consumption into spring, which tends to firm cash corn even while futures trade lower.

## Read by commodity

- CORN: bullish ▲
- OCEANFRT: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-december-20-2018/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-20-2018/9/

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