# Market Perspectives - June 7, 2018 - U.S. Grains & BioProducts Council

> July corn fell about 5 percent as bulls struggled to find a significant story. USDA reported 78 percent of the U.S. crop in good or excellent condition, above the five-year average, and summer forecasts showed no major hot, dry periods. Weekly export sales were reported at 838 KMT of net sales for 2017/18.

- Date: 2018-06-07 · published 2018-06-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8243-market-perspectives-june-7-2018-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crop ratings and benign weather forecasts reduce supply risk, supporting bearish corn price pressure. Only Brazilian dryness offered modest support.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- DDGS: bearish ▼

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-june-7-2018/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-7-2018/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-7-2018/6/

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