# Market Perspectives March 9, 2017 - Page 7 of 10 - U.S. Grains & BioProducts Council

> The USDA-linked Market Perspectives digest reports Australia's barley crop raised to a record 13 MMT and China's Jilin province seeking larger subsidies as domestic corn trades below US landed cost. It also notes Russia's record 15.3 MMT corn crop and USDA raising South American corn estimates.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72080-market-perspectives-march-9-2017-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), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record crops in Australia, Russia and South America and Chinese corn priced below imports point to ample global feed grain supplies, which pressure corn, barley and sorghum prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-03-11 | [Market Perspectives – March 11, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5118-market-perspectives-march-11-2021-u-s-grains-and-bioproducts-council.md) | -7.7% | +3.4% |
| 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% |
| 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% |

## Sources

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

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