# Market Perspectives - June 28, 2018 - U.S. Grains & BioProducts Council

> December corn futures fell 3% in the week, pressured by soybeans, excellent crop conditions and trade tensions. Corn was rated 77% good to excellent, the highest since 1999, and USDA Grain Stocks and Acreage reports were due the following day.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8582-market-perspectives-june-28-2018-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [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 expectations of above-trend yields weigh on corn prices, although a surprise in USDA stocks could move the market. Feed buyers should expect continued softness in corn absent weather problems.

## Read by commodity

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

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-june-28-2018/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-28-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-june-28-2018/7/

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