# 3 Big Things Today, February 8

> Soybeans rose overnight while wheat fell ahead of the USDA's WASDE report. Analysts expected little change to US balance sheets but possible revisions to South American production after recent weather volatility. Corn stocks were expected to decline slightly and soybean carryout to rise.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/10480-3-big-things-today-february-8
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Traders are positioning ahead of the report, and any South American production revisions could shift export competition. The expected changes are modest, so the price impact is likely limited unless the figures surprise.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-02-23 | [Grain Transportation Report, February 23, 2023](https://feedsoft.ai/events/16647-grain-transportation-report-february-23-2023.md) | -2.3% | -5.9% |
| SOY | 2020-02-27 | [Grain Transportation Report, February 27, 2020](https://feedsoft.ai/events/54491-grain-transportation-report-february-27-2020.md) | +2.0% | +0.1% |
| SOY | 2021-10-21 | [Why soybean meal might be the next big thing](https://feedsoft.ai/events/44613-why-soybean-meal-might-be-the-next-big-thing.md) | -0.5% | +2.5% |
| SOY | 2020-02-11 | [February WASDE Provides Little New Input](https://feedsoft.ai/events/54557-february-wasde-provides-little-new-input.md) | +0.9% | -1.3% |
| SOY | 2020-02-11 | [February USDA Report “Underwhelming” \| Red River Farm Network](https://feedsoft.ai/events/54561-february-usda-report-underwhelming-red-river-farm-network.md) | +0.9% | -1.3% |
| CORN | 2023-02-23 | [Grain Transportation Report, February 23, 2023](https://feedsoft.ai/events/16647-grain-transportation-report-february-23-2023.md) | -3.8% | -4.8% |
| CORN | 2020-02-27 | [Grain Transportation Report, February 27, 2020](https://feedsoft.ai/events/54491-grain-transportation-report-february-27-2020.md) | +2.6% | -3.7% |
| CORN | 2020-02-11 | [February WASDE Provides Little New Input](https://feedsoft.ai/events/54557-february-wasde-provides-little-new-input.md) | +0.7% | +0.7% |

## Sources

- agriculture.com: https://www.agriculture.com/news/three-big-things/3-big-things-today-february-8

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