# Market Perspectives December 14, 2017 - U.S. Grains & BioProducts Council

> The December WASDE kept the US corn balance sheet largely unchanged, but added 50 million bushels of corn for ethanol use, which trimmed ending stocks to 2.437 billion bushels, a 16.8% stocks-to-use ratio. USDA cut sorghum use for ethanol by the same amount and raised sorghum exports by 50 million bushels. Brazil's beginning and ending stocks were raised by 11.81 million bushels.

- Date: 2017-12-13 · published 2017-12-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/8426-market-perspectives-december-14-2017-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

The corn stocks-to-use ratio remains high, so the report keeps futures under pressure despite the small demand increase. The shift toward corn ethanol and away from sorghum changes feed grain demand mix.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: bearish ▼
- DDGS: bullish ▲
- SORGHUM: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-16 | [Market Perspectives – July 16, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/4467-market-perspectives-july-16-2020-u-s-grains-and-bioproducts-council.md) | +1.5% | +0.5% |
| SOY | 2024-08-29 | [Market Perspectives - August 29, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/28817-market-perspectives-august-29-2024-u-s-grains-and-bioproducts-council.md) | +5.2% | +8.6% |
| SOY | 2017-05-15 | [2017-18 Market Prospects for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/70852-2017-18-market-prospects-for-corn-and-soybeans-farmdoc-daily.md) | -0.1% | -2.4% |
| SOY | 2021-01-07 | [Canada's November Trade for Grains and Products](https://feedsoft.ai/events/49121-canada-s-november-trade-for-grains-and-products.md) | +3.4% | +0.5% |
| SOY | 2023-12-14 | [Breaking Down the Markets: December 2023 \| AgCountry](https://feedsoft.ai/events/9991-breaking-down-the-markets-december-2023-agcountry.md) | +0.1% | -7.8% |
| CORN | 2023-12-14 | [Market Perspectives – December 14, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9996-market-perspectives-december-14-2023-u-s-grains-and-bioproducts-council.md) | +1.5% | +1.2% |
| CORN | 2018-12-13 | [Market Perspectives - December 13, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/61482-market-perspectives-december-13-2018-u-s-grains-and-bioproducts-council.md) | -0.1% | +1.1% |
| 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% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-report-december-14-2017/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-14-2017/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-14-2017/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-14-2017/9/

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