# What’s Moving The Market? - Corn South

> USDA's April WASDE cut US corn ending stocks to 2.352 billion bushels from 2.477 billion in January after raising export projections by 125 million bushels. Global corn stocks fell as Argentina's production was cut by 3.0 mmt, and the season-average farm price was raised five cents to $3.30.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65535-what-s-moving-the-market-corn-south
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A tighter US and world corn balance sheet supports prices, and the higher farm price also resets the PLC payment to $0.40. Buyers should expect firmer corn feed costs.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-24 | [3 Factors Driving the Corn Market - AgWeb](https://feedsoft.ai/events/46607-3-factors-driving-the-corn-market-agweb.md) | +4.6% | -5.8% |
| CORN | 2021-03-01 | [Economic Outlook: 2021 Corn Market Forecast - Corn South](https://feedsoft.ai/events/48142-economic-outlook-2021-corn-market-forecast-corn-south.md) | +0.6% | +5.4% |
| CORN | 2019-10-02 | [ABSA -Crop market trends- South Africa](https://feedsoft.ai/events/56683-absa-crop-market-trends-south-africa.md) | +2.2% | -1.0% |
| CORN | 2020-01-31 | [What is the corn supply truth? - High Plains Journal](https://feedsoft.ai/events/55096-what-is-the-corn-supply-truth-high-plains-journal.md) | -0.6% | -3.2% |
| CORN | 2022-01-20 | [Corn Market 288 \| Maiz'Europ'](https://feedsoft.ai/events/43161-corn-market-288-maiz-europ.md) | +1.6% | +6.7% |

## Sources

- cornsouth.com: https://cornsouth.com/articles/whats-moving-the-market/

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