# Market Perspectives May 25, 2017 - Page 7 of 10 - América Latina

> AgRural says Brazil's safrinha corn crop is yielding above expectations, lifting its 2016/17 total corn estimate to 94.4 MMT, up about 42 percent year on year. China is offering 7 MMT of 2013-harvest corn at government auction, with earlier sales made at a steep discount to Dalian futures.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/70837-market-perspectives-may-25-2017-page-7-of-10-america-latina
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Larger Brazilian corn supply adds export competition and pressures global corn prices, while heavy Chinese state auction supply keeps Dalian corn under pressure.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-09 | [Market Perspectives March 9, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/72080-market-perspectives-march-9-2017-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +0.5% | +0.6% |
| CORN | 2018-10-25 | [Market Perspectives - October 25, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62430-market-perspectives-october-25-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | -1.3% | -5.3% |
| CORN | 2023-05-18 | [Market Perspectives – May 18, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7839-market-perspectives-may-18-2023-u-s-grains-and-bioproducts-council.md) | +5.6% | +2.2% |
| CORN | 2016-11-10 | [Market Perspectives November 10, 2016 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12242-market-perspectives-november-10-2016-u-s-grains-and-bioproducts-council.md) | -3.7% | -1.2% |
| CORN | 2017-12-13 | [Market Perspectives December 14, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8426-market-perspectives-december-14-2017-u-s-grains-and-bioproducts-council.md) | +2.1% | +2.6% |

## Sources

- grains.org: https://grains.org/ltamex/market_perspectives/market-perspectives-may-25-2017/7/

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