# Market Perspectives March 23, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council

> The US Grains Council's March 23 market perspectives report says Chinese corn futures and spot prices hit six-year lows as the government liquidated reserve stocks. Feed mills bought 1.2 to 1.3 million tonnes of corn, sorghum and barley for May-June delivery, and Indonesia imposed non-tariff barriers on imported corn.

- Date: 2017-03-23 · published 2017-03-23T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/71850-market-perspectives-march-23-2017-page-7-of-10-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), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Chinese reserve selling and Indonesian import barriers weigh on global corn export demand, while feed mill purchases give limited support to sorghum and barley.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-25 | [MAIZALL Mission To Mexico Focuses Efforts On Trade, Food Security Issues - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/40010-maizall-mission-to-mexico-focuses-efforts-on-trade-food-security-issues-u-s.md) | +1.2% | +1.0% |
| CORN | 2017-03-17 | [China’s new approach to corn \| World-grain.com \| March 17, 2017 19:08 \| World Grain](https://feedsoft.ai/events/71844-china-s-new-approach-to-corn-world-grain-com-march-17-2017-19-08-world-grain.md) | -1.8% | +0.6% |
| CORN | 2021-08-20 | [U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries - Grainews](https://feedsoft.ai/events/11364-u-s-grains-soy-corn-slide-on-macroeconomic-fears-biofuel-worries-grainews.md) | +0.4% | -6.4% |
| CORN | 2025-02-26 | [Grains and Cattle End Lower: What’s Pressuring Markets Beyond Tariff Uncertainty?](https://feedsoft.ai/events/6194-grains-and-cattle-end-lower-what-s-pressuring-markets-beyond-tariff-uncertainty.md) | -6.0% | -0.4% |
| CORN | 2021-05-31 | [Grain market review: Oilseeds May 2021](https://feedsoft.ai/events/47204-grain-market-review-oilseeds-may-2021.md) | +2.3% | -0.9% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-23-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-23-2017/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-23-2017/9/

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