# Market Perspectives – December 12, 2019 - U.S. Grains & BioProducts Council

> The December WASDE left the 2019/20 U.S. corn balance sheet unchanged, while USDA raised Chinese corn production to 260 MMT and cut crops in Australia and Canada. World corn ending stocks rose 4.6 MMT to 300.56 MMT, but excluding China they fell 1.17 MMT. Eight percent of the U.S. corn crop was still unharvested.

- Date: 2019-12-12 · published 2019-12-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/9219-market-perspectives-december-12-2019-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)

## Why it matters

Unchanged U.S. balances leave corn steady, but lower Australian and Canadian output and weaker ex-China stocks are mildly supportive for prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +5.8% | +7.8% |
| CORN | 2022-12-27 | [Hog Market Update: December 2022](https://feedsoft.ai/events/7010-hog-market-update-december-2022.md) | +2.0% | -0.2% |
| CORN | 2021-12-13 | [Market Report - 13 December 2021 \| AHDB](https://feedsoft.ai/events/9259-market-report-13-december-2021-ahdb.md) | -0.1% | +0.8% |
| CORN | 2023-12-14 | [Breaking Down the Markets: December 2023 \| AgCountry](https://feedsoft.ai/events/9991-breaking-down-the-markets-december-2023-agcountry.md) | +1.5% | +1.2% |
| CORN | 2024-07-12 | [Grain Market Summary 7.12.24](https://feedsoft.ai/events/9374-grain-market-summary-7-12-24.md) | -2.4% | -2.7% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-december-12-2019/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-12-2019/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-12-2019/9/

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