# Market Perspectives – December 5, 2019 - U.S. Grains & BioProducts Council

> Weekly USDA export sales showed 546,100 MT of 2019/20 corn net sales and 494,800 MT of exports, with year-to-date corn bookings down 45 percent. Sorghum sales rose and corn harvest was nearly finished, with about 11 percent still in fields concentrated in the Dakotas.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/9816-market-perspectives-december-5-2019-u-s-grains-and-bioproducts-council
- Commodities: [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), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Sharply lower corn bookings versus last year point to weak export demand, keeping pressure on U.S. corn prices while South American and Ukrainian supplies compete.

## Read by commodity

- SBM: bullish ▲
- CORN: bearish ▼
- DDGS: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-11-14 | [Market Perspectives – November 14, 2019 - Page 6 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56173-market-perspectives-november-14-2019-page-6-of-10-u-s-grains-and-bioproducts.md) | -0.9% | -2.6% |
| CORN | 2021-09-23 | [Market Perspectives – September 23, 2021 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/44954-market-perspectives-september-23-2021-page-7-of-10-u-s-grains-and-bioproducts.md) | +1.3% | +2.0% |
| CORN | 2018-04-12 | [Market Perspectives - April 12, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/65405-market-perspectives-april-12-2018-page-7-of-11-u-s-grains-and-bioproducts.md) | +0.1% | +3.3% |
| CORN | 2019-11-21 | [DDGS Weekly Market Report – November 21, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/56171-ddgs-weekly-market-report-november-21-2019-u-s-grains-and-bioproducts-council.md) | -0.5% | +2.1% |
| CORN | 2020-11-19 | [Analysis: COVID-19 Pandemic Weighed On 2019/2020 Global Ethanol Trade - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/50136-analysis-covid-19-pandemic-weighed-on-2019-2020-global-ethanol-trade-u-s-grains.md) | -1.2% | +0.0% |
| SBM | 2016-05-12 | [Market Perspectives May 12, 2016 - Page 6 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/6791-market-perspectives-may-12-2016-page-6-of-10-u-s-grains-and-bioproducts-council.md) | +2.3% | +13.5% |
| SBM | 2018-07-26 | [Market Perspectives - July 26, 2018 - Page 7 of 11 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12413-market-perspectives-july-26-2018-page-7-of-11-u-s-grains-and-bioproducts-council.md) | +2.0% | -2.7% |
| SBM | 2018-10-04 | [New U.S.-Mexico-Canada Agreement Preserves Market Access, Improves Trade Logistics To Top U.S. Grain Markets - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62508-new-u-s-mexico-canada-agreement-preserves-market-access-improves-trade.md) | +1.5% | -0.4% |

## Sources

- grains.org: https://grains.org/ddgs_report/ddgs-weekly-market-report-december-5-2019/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-5-2019/
- grains.org: https://grains.org/market_perspectives/market-perspectives-december-5-2019/7/

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