# Market Perspectives May 18, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council

> Brazil will require ethanol importers to hold reserve stocks equal to 8% of prior-year sales, matching domestic suppliers, after ruling out tariffs on U.S. ethanol. China's state corn reserve auctions are pushing Dalian corn prices lower, and Chinese subsidies are shifting toward soybeans. European forecasts cut German maize and EU barley output.

- Date: 2017-05-18 · published 2017-05-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70888-market-perspectives-may-18-2017-page-7-of-10-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Chinese reserve sales pressure corn prices, and the shift in Chinese subsidies favors soybean planting, while lower European barley and maize output provides some offset.

## Read by commodity

- SBM: neutral
- CORN: bearish ▼
- DDGS: neutral
- BARLEY: bullish ▲
- OCEANFRT: bearish ▼

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-may-18-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-may-18-2017/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-may-18-2017/9/

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