# Market Perspectives March 16, 2017 - U.S. Grains & BioProducts Council

> The U.S. Grains Council weekly report says corn prices came under selling pressure from the big supply outlook, with May futures nearing 2017 lows before recovering. USDA export sales were 58 million bushels net for the week, well above projected needs, and China bought three cargoes of PNW corn. USDA also sold 4.7 million bushels of corn to Mexico, and a weaker dollar helped exports.

- Date: 2017-03-16 · published 2017-03-16T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/8403-market-perspectives-march-16-2017-u-s-grains-and-bioproducts-council
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong export sales and new Chinese and Mexican purchases tighten the near-term corn balance and support prices, even with ample global supply. Buyers should watch whether export demand keeps pace with the surplus.

## Read by commodity

- DXY: bullish ▲
- CORN: bullish ▲
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-18 | [Market Perspectives – March 18, 2021 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/5672-market-perspectives-march-18-2021-u-s-grains-and-bioproducts-council.md) | +10.8% | +13.2% |
| CORN | 2024-05-30 | [Market Perspectives - May 30, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/13183-market-perspectives-may-30-2024-u-s-grains-and-bioproducts-council.md) | -4.0% | -5.1% |
| CORN | 2026-04-08 | [U.S. Grains Council Secures White Corn Sales To Mexico - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/19674-u-s-grains-council-secures-white-corn-sales-to-mexico-u-s-grains-and.md) | -1.0% | +2.9% |
| CORN | 2020-07-02 | [USMCA Enters Into Force, Paves Way For Improved Agricultural Market Access - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/52083-usmca-enters-into-force-paves-way-for-improved-agricultural-market-access-u-s.md) | +0.9% | -6.0% |
| CORN | 2019-11-14 | [USDA Trade Mission Emphasizes Importance Of Mexican Market - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56024-usda-trade-mission-emphasizes-importance-of-mexican-market-u-s-grains-and.md) | -0.9% | -2.6% |
| DXY | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +0.8% | +3.6% |
| DXY | 2018-04-26 | [Market Closes - April 26, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/10864-market-closes-april-26-2018-kentucky-farm-bureau.md) | +0.7% | +2.1% |
| DXY | 2025-02-13 | [Further decline in Black Sea wheat exports: Grain market daily \| AHDB](https://feedsoft.ai/events/14227-further-decline-in-black-sea-wheat-exports-grain-market-daily-ahdb.md) | -0.9% | -1.8% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-16-2017/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-16-2017/6/

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