# Market Perspectives - February 22, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council

> Argentina's corn crop is deteriorating with little rain forecast, and up to 58% reported in poor condition. The Rosario Grain Exchange cut its corn estimate to 35 MMT versus USDA's 39 MMT. Brazil's corn exports and EU purchases are rising as supplies tighten.

- Date: 2018-02-22 · published 2018-02-22T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/66562-market-perspectives-february-22-2018-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), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A drought-cut Argentine corn crop and strong Brazilian export demand tighten world corn supplies, supporting corn and feed prices.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- DDGS: bullish ▲
- SORGHUM: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-17 | [Market Perspectives - May 17, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8711-market-perspectives-may-17-2018-page-7-of-11-u-s-grains-and-bioproducts-council.md) | +1.3% | -4.2% |
| CORN | 2022-01-27 | [Market Perspectives – January 27, 2022 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/14967-market-perspectives-january-27-2022-page-7-of-10-u-s-grains-and-bioproducts.md) | +1.7% | +10.2% |
| CORN | 2020-01-09 | [Market Perspectives – January 9, 2020 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/55185-market-perspectives-january-9-2020-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.7% | -0.7% |
| CORN | 2021-05-13 | [Market Perspectives – May 13, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7462-market-perspectives-may-13-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | -7.7% | -2.2% |
| CORN | 2021-06-03 | [Market Perspectives – June 3, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/46407-market-perspectives-june-3-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +4.4% | +4.7% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-february-22-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-february-22-2018/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-february-22-2018/9/

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