# Market Perspectives July 20, 2017

> Brazil's ethanol prices rose on expectations of a gasoline tax increase. China's July CASDE slightly raised its corn yield and production estimates and cut its 2016/17 corn import forecast to 800,000 tonnes. Chinese state reserves sold 2014-crop corn at about 1,492 yuan/MT on July 14.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69820-market-perspectives-july-20-2017
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A lower Chinese corn import estimate reduces demand for world corn exports, which is mildly bearish for corn. Higher Brazilian ethanol prices can support corn-based ethanol margins.

## Read by commodity

- CORN: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-july-20-2017/7/

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