# Market Perspectives - May 17, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council

> Brazil's safrinha corn crop is expected to fall about 15% due to drought, with Mato Grosso output estimated at 25-26.8 Mt. France's corn crop is set for its smallest since 1993 as farmers shift to barley and wheat, and Saudi Arabia bought 1.5 Mt of barley.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: weather · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/8711-market-perspectives-may-17-2018-page-7-of-11-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Brazilian drought and a small French corn crop raise import needs and support corn prices, while the shift to barley and wheat in France adds to feed grain import demand.

## Read by commodity

- SBM: neutral
- CORN: bullish ▲
- DDGS: bullish ▲
- BARGE: neutral
- BARLEY: neutral
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-13 | [Market Perspectives – May 13, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7462-market-perspectives-may-13-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | -7.7% | -2.2% |
| CORN | 2018-02-22 | [Market Perspectives - February 22, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/66562-market-perspectives-february-22-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | +1.4% | +3.0% |
| CORN | 2018-05-24 | [Market Perspectives - May 24, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10841-market-perspectives-may-24-2018-u-s-grains-and-bioproducts-council.md) | -2.0% | -9.0% |
| CORN | 2021-06-03 | [Market Perspectives – June 3, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/46407-market-perspectives-june-3-2021-page-7-of-10-u-s-grains-and-bioproducts-council.md) | +4.4% | +4.7% |
| CORN | 2019-05-23 | [Market Perspectives - May 23, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12128-market-perspectives-may-23-2019-u-s-grains-and-bioproducts-council.md) | +3.7% | +7.9% |
| SBM | 2017-07-13 | [Market Perspectives July 13, 2017 - Page 6 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/69957-market-perspectives-july-13-2017-page-6-of-10-u-s-grains-and-bioproducts-council.md) | -2.3% | -8.3% |
| SBM | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +8.1% | +6.2% |
| SBM | 2018-05-10 | [El Niño pattern could emerge by 2018-19 winter: U.S. forecaster](https://feedsoft.ai/events/64959-el-nino-pattern-could-emerge-by-2018-19-winter-u-s-forecaster.md) | -3.2% | -7.9% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-may-17-2018/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-may-17-2018/7/
- grains.org: https://grains.org/market_perspectives/market-perspectives-may-17-2018/9/

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