# Market Perspectives - August 9, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council

> Country news highlights include low Argentine river levels raising exporter costs and drought pushing farmers into debt, while Brazilian freight rate increases add about $20/MT to grain costs. Brazil's safrinha corn harvest is accelerating, though JBS is importing Argentine corn. EU corn futures in Paris hit a five-year high on crop concerns, and Germany's grain crop is its smallest in 24 years.

- Date: 2018-08-09 · published 2018-08-09T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8650-market-perspectives-august-9-2018-page-7-of-11-u-s-grains-and-bioproducts
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Higher freight costs and tight EU supply support corn and feed grain prices, while Brazilian and Argentine logistics constraints add to export cost pressure. Argentine corn imports by Brazil point to firm regional demand.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲
- BARGE: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-03-14 | [Market Perspectives - March 14, 2024 - Page 6 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/31093-market-perspectives-march-14-2024-page-6-of-9-u-s-grains-and-bioproducts-council.md) | +1.8% | -5.4% |
| CORN | 2023-06-22 | [Market Perspectives – June 22, 2023 - Page 9 of 9 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/35383-market-perspectives-june-22-2023-page-9-of-9-u-s-grains-and-bioproducts-council.md) | -8.7% | -14.9% |
| CORN | 2022-02-24 | [Market Perspectives – February 24, 2022 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/42611-market-perspectives-february-24-2022-page-9-of-10-u-s-grains-and-bioproducts.md) | +6.5% | +12.3% |
| CORN | 2020-12-03 | [Market Perspectives – December 3, 2020 - Page 9 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/49550-market-perspectives-december-3-2020-page-9-of-10-u-s-grains-and-bioproducts.md) | +0.0% | +3.9% |
| CORN | 2024-12-12 | [Market Perspectives - December 12, 2024 - Page 6 of 7 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/16978-market-perspectives-december-12-2024-page-6-of-7-u-s-grains-and-bioproducts.md) | -0.0% | +5.6% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-august-9-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-august-9-2018/7/

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