# Market Perspectives - April 12, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council

> The U.S. Grains Council market perspectives note reports Conab raising Brazil's 2018 corn forecast to 88.6 MMT and domestic ethanol corn use rising to 3.75 MMT. It also notes Chinese tariffs could push Brazilian corn sales to Iran, Egypt and Japan toward U.S. suppliers, while China is auctioning aged state corn and Russian barley was grounded in the Bosporus.

- Date: 2018-04-12 · published 2018-04-12T12:00:00.000Z
- Category: trade · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/65405-market-perspectives-april-12-2018-page-7-of-11-u-s-grains-and-bioproducts
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A larger Brazilian crop and redirected Brazilian export flows could ease corn export competition and soften U.S. corn prices, while Chinese tariffs shift demand toward U.S. supply.

## Read by commodity

- SBM: neutral
- CORN: bearish ▼
- DDGS: bullish ▲
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-09-23 | [Market Perspectives – September 23, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/44954-market-perspectives-september-23-2021-page-7-of-10-u-s-grains-and-bioproducts.md) | +1.3% | +2.0% |
| CORN | 2019-11-14 | [Market Perspectives – November 14, 2019 - Page 6 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56173-market-perspectives-november-14-2019-page-6-of-10-u-s-grains-and-bioproducts.md) | -0.9% | -2.6% |
| CORN | 2019-12-05 | [Market Perspectives – December 5, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9816-market-perspectives-december-5-2019-u-s-grains-and-bioproducts-council.md) | -4.3% | +1.2% |
| CORN | 2019-11-21 | [DDGS Weekly Market Report – November 21, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56171-ddgs-weekly-market-report-november-21-2019-u-s-grains-and-bioproducts-council.md) | -0.5% | +2.1% |
| CORN | 2020-11-19 | [Analysis: COVID-19 Pandemic Weighed On 2019/2020 Global Ethanol Trade - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/50136-analysis-covid-19-pandemic-weighed-on-2019-2020-global-ethanol-trade-u-s-grains.md) | -1.2% | +0.0% |
| SBM | 2017-03-09 | [DDGS Weekly Market Report - March 9, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/71983-ddgs-weekly-market-report-march-9-2017-u-s-grains-and-bioproducts-council.md) | +0.3% | -5.1% |
| SBM | 2019-11-21 | [DDGS Weekly Market Report – November 21, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56171-ddgs-weekly-market-report-november-21-2019-u-s-grains-and-bioproducts-council.md) | -2.0% | -0.5% |
| SBM | 2017-05-15 | [Competitive feed market in Malaysia creates potential for U.S. DDGS \| World-grain.com \| May 15, 2017 13:38 \| World Grain](https://feedsoft.ai/events/70994-competitive-feed-market-in-malaysia-creates-potential-for-u-s-ddgs-world-grain.md) | -0.9% | -2.6% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-april-12-2018/
- grains.org: https://grains.org/market_perspectives/market-perspectives-april-12-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-april-12-2018/7/

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