# Chicago agricultural commodities settle mixed
-- China Development Gateway -- Sharing Information, Knowledge and Tools

> CBOT grains closed mixed on March 8, 2018, with corn rising about 1.6% after USDA cut US corn ending stocks in its monthly report. Soybeans fell after USDA projected larger-than-expected soybean ending stocks due partly to lower exports. Conab raised Brazil's soybean crop estimate by 1.5 million tons and trimmed its corn estimate to 87.3 million tons.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10888-chicago-agricultural-commodities-settle-mixed-china-development-gateway-sharing
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller US corn stocks figure supports corn prices and raises feed grain costs. Larger soybean stocks and a bigger Brazilian soybean crop add supply pressure on soybean and meal prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/38153-seasonal-conditions-agricultural-commodities.md) | -3.3% | +1.9% |
| CORN | 2024-09-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/28236-seasonal-conditions-agricultural-commodities.md) | +1.2% | +5.1% |
| CORN | 2022-11-18 | [Commission publishes latest forecasts on EU feed protein production and trade  - Agriculture and rural development](https://feedsoft.ai/events/39002-commission-publishes-latest-forecasts-on-eu-feed-protein-production-and-trade.md) | -1.5% | -5.1% |
| CORN | 2018-09-24 | [Crop Prospects and Food Situation No. 3 \| September 2018 \|KORE - Knowledge Sharing Platform on Resilience\| Food and Agriculture Organization of the United Nations](https://feedsoft.ai/events/62948-crop-prospects-and-food-situation-no-3-september-2018-kore-knowledge-sharing.md) | +0.7% | +2.6% |
| CORN | 2024-10-08 | [Short-term outlook of agricultural markets: gradual but fragile return to stability - Agriculture and rural development](https://feedsoft.ai/events/27791-short-term-outlook-of-agricultural-markets-gradual-but-fragile-return-to.md) | -2.5% | -1.7% |
| SOY | 2016-07-20 | [Chicago agricultural commodities slide on high crop ratings_Xinhua Finance Agency](https://feedsoft.ai/events/7422-chicago-agricultural-commodities-slide-on-high-crop-ratings-xinhua-finance.md) | -4.8% | -2.3% |
| SOY | 2025-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/21413-seasonal-conditions-agricultural-commodities.md) | -2.9% | -7.8% |
| SOY | 2024-09-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/28236-seasonal-conditions-agricultural-commodities.md) | +1.8% | +7.6% |

## Sources

- en.chinagate.cn: http://en.chinagate.cn/2018-03/09/content_50692313.htm

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