# Market Perspectives June 1, 2017 - U.S. Grains & BioProducts Council

> The U.S. Grains Council's June 1 market perspectives report notes range-bound corn futures and crop condition ratings near four-year lows, with 65 percent of corn rated good to excellent. It estimates yields near 167 bushels per acre, about 3 below USDA's May forecast.

- Date: 2017-06-01 · published 2017-06-01T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/70520-market-perspectives-june-1-2017-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower-than-expected crop ratings point to a more average yield, which could support corn prices if conditions continue to deteriorate.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 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) | 0.0% | -7.2% |
| SOY | 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) | +7.3% | +15.4% |
| SOY | 2017-08-18 | [U.S. Midwest cool temperatures slow crop stress \| World-grain.com \| August 18, 2017 19:19 \| World Grain](https://feedsoft.ai/events/69306-u-s-midwest-cool-temperatures-slow-crop-stress-world-grain-com-august-18-2017.md) | +1.2% | +4.1% |
| SOY | 2020-07-29 | [Will the United States produce a bumper crop? \| 2020-07-29  \| World Grain](https://feedsoft.ai/events/51959-will-the-united-states-produce-a-bumper-crop-2020-07-29-world-grain.md) | -1.4% | +1.9% |
| SOY | 2019-05-07 | [Morning Market Review for May 7, 2019 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/7492-morning-market-review-for-may-7-2019-highline-grain-growers-inc.md) | -3.2% | +7.9% |
| CORN | 2018-07-19 | [Market Perspectives - July 19, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/6569-market-perspectives-july-19-2018-u-s-grains-and-bioproducts-council.md) | -1.3% | -0.2% |
| CORN | 2018-05-24 | [Market Perspectives - May 24, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10841-market-perspectives-may-24-2018-u-s-grains-and-bioproducts-council.md) | -2.0% | -9.0% |
| CORN | 2019-05-23 | [Market Perspectives - May 23, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12128-market-perspectives-may-23-2019-u-s-grains-and-bioproducts-council.md) | +3.7% | +7.9% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-june-1-2017/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-1-2017/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-1-2017/6/

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