# Market Perspectives - November 8, 2018 - U.S. Grains & BioProducts Council

> USDA's November WASDE tripled China's 2018/19 corn ending stocks to 207.5 MMT while cutting U.S. corn yield by 1.8 bushels per acre to 178.9, reducing U.S. production by 3.861 MMT to 371.52 MMT. December corn futures rose 1.8% for the week despite the China revision.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/62131-market-perspectives-november-8-2018-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The smaller U.S. crop and lower export forecast are bullish for corn prices, though the large Chinese stock increase partly offset that effect. Buyers should expect firm corn values if the U.S. supply tightening holds.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-03 | [Market Perspectives – October 3, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56622-market-perspectives-october-3-2019-u-s-grains-and-bioproducts-council.md) | +2.7% | +0.5% |
| CORN | 2024-05-16 | [Market Perspectives - May 16, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10514-market-perspectives-may-16-2024-u-s-grains-and-bioproducts-council.md) | +0.1% | +4.6% |
| CORN | 2020-07-02 | [Market Perspectives – July 2, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12771-market-perspectives-july-2-2020-u-s-grains-and-bioproducts-council.md) | +0.9% | -6.0% |
| CORN | 2023-07-13 | [Market Perspectives – July 13, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7054-market-perspectives-july-13-2023-u-s-grains-and-bioproducts-council.md) | -1.6% | -7.1% |
| CORN | 2018-03-29 | [Market Perspectives - March 29, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/66084-market-perspectives-march-29-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | +4.8% | +4.9% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-8-2018/
- grains.org: https://grains.org/market_perspectives/market-perspectives-november-8-2018/6/

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