# Demand drivers absent as US farmers struggle with markets: Basse | 2019-12-10  | Agri-Pulse Communications, Inc.

> AgResource economist Dan Basse told a seed industry conference that Argentina, Brazil and Ukraine are on track for a record 57 percent share of global corn exports in 2019/20, while U.S. corn stocks remain large. He expects ABU market share to keep rising as weak South American currencies support their exports.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/9821-demand-drivers-absent-as-us-farmers-struggle-with-markets-basse-2019-12-10-agri
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Growing competitor export share and large U.S. stocks cap U.S. corn demand and prices, while weak BRL and ARS sustain South American export competitiveness.

## Read by commodity

- CORN: bearish ▼
- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-02 | [It’s not just China: US growers face long-term challenges \| 2019-10-01  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56550-it-s-not-just-china-us-growers-face-long-term-challenges-2019-10-01-agri-pulse.md) | +2.2% | -1.0% |
| CORN | 2017-10-25 | [Mexican grain buyers haven’t given up on the US … yet \| 2017-10-25 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/68430-mexican-grain-buyers-haven-t-given-up-on-the-us-yet-2017-10-25-agri-pulse-agri.md) | -1.4% | -5.3% |
| CORN | 2023-04-12 | [USTR faces option of dispute with Mexico over GM white corn \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/36383-ustr-faces-option-of-dispute-with-mexico-over-gm-white-corn-agri-pulse.md) | +0.7% | -0.9% |
| CORN | 2019-05-23 | [Farm groups cheer aid, but want end to trade war \| 2019-05-23 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59177-farm-groups-cheer-aid-but-want-end-to-trade-war-2019-05-23-agri-pulse-agri.md) | +3.7% | +7.9% |
| CORN | 2018-05-07 | [Brazil, other competitors close gaps on U.S. export markets \| 2018-05-07 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/65059-brazil-other-competitors-close-gaps-on-u-s-export-markets-2018-05-07-agri-pulse.md) | +0.2% | +0.3% |
| USDBRL | 2024-07-15 | [China buys first US soybeans of 2024 crop season \| Agriculture Dive](https://feedsoft.ai/events/29284-china-buys-first-us-soybeans-of-2024-crop-season-agriculture-dive.md) | +1.9% | +1.0% |
| USDBRL | 2021-09-01 | [Brazil soy farmers hoard crops, betting prices will rise](https://feedsoft.ai/events/45117-brazil-soy-farmers-hoard-crops-betting-prices-will-rise.md) | +2.8% | +5.2% |
| USDBRL | 2020-05-28 | [China securing Brazilian soy with US trade tensions rising](https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising.md) | -4.5% | +0.4% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/12935-demand-drivers-absent-as-us-farmers-struggle-with-markets-basse

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