# Market Perspectives - October 25, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council

> Argentina raised its 2018/19 corn production estimate by 0.5 MMT to 41.5 MMT on expanded planting. Argentine transporters called a strike for higher tariffs, and farm groups are protesting government grain export taxes. In Canada, feed barley prices are falling under harvest pressure and competition from U.S. corn.

- Date: 2018-10-25 · published 2018-10-25T12:00:00.000Z
- Category: report · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/62430-market-perspectives-october-25-2018-page-7-of-11-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), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger Argentine corn crop adds export supply, while the pending strike threatens port shipments and could weigh on feed barley and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-09 | [Market Perspectives March 9, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/72080-market-perspectives-march-9-2017-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +0.5% | +0.6% |
| 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 | 2021-03-11 | [Market Perspectives – March 11, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5118-market-perspectives-march-11-2021-u-s-grains-and-bioproducts-council.md) | -7.7% | +3.4% |
| CORN | 2023-05-18 | [Market Perspectives – May 18, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7839-market-perspectives-may-18-2023-u-s-grains-and-bioproducts-council.md) | +5.6% | +2.2% |
| CORN | 2016-11-10 | [Market Perspectives November 10, 2016 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12242-market-perspectives-november-10-2016-u-s-grains-and-bioproducts-council.md) | -3.7% | -1.2% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-october-25-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-october-25-2018/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-october-25-2018/9/

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