# Weather premium running dry | Iowa Agribusiness Radio Network

> USDA's March WASDE report raised US corn exports by 175 million bushels and added 50 million bushels for ethanol, cutting ending stocks by 2.25 million bushels. USDA lowered Argentina's soybean production by 7 million tonnes to 47 million, and cut US soybean exports by 35 million bushels. Analysts expected Argentina's harvest to pressure soybean futures.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10889-weather-premium-running-dry-iowa-agribusiness-radio-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Reduced US corn stocks and stronger export demand support corn prices. Lower Argentine soybean output is offset by weaker US export business, which leaves soybean prices under pressure as Argentina's harvest advances.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-28 | [Higher priced corn challenging cattle prices \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/9501-higher-priced-corn-challenging-cattle-prices-iowa-agribusiness-radio-network.md) | -2.0% | -4.5% |
| CORN | 2021-08-12 | [Markets higher after ?exciting? WASDE Report \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/45503-markets-higher-after-exciting-wasde-report-iowa-agribusiness-radio-network.md) | +0.7% | -7.7% |
| CORN | 2021-02-12 | [Rising feed costs may change feeder cattle market \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/48785-rising-feed-costs-may-change-feeder-cattle-market-iowa-agribusiness-radio.md) | -1.6% | +3.1% |
| CORN | 2018-02-09 | [Corn price in sweet spot, soybeans may falter \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66525-corn-price-in-sweet-spot-soybeans-may-falter-iowa-agribusiness-radio-network.md) | +0.2% | +3.3% |
| CORN | 2019-07-22 | [High feed prices challenge cattle producers \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58234-high-feed-prices-challenge-cattle-producers-iowa-agribusiness-radio-network.md) | -2.0% | -10.6% |
| SOY | 2018-02-09 | [Corn price in sweet spot, soybeans may falter \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66525-corn-price-in-sweet-spot-soybeans-may-falter-iowa-agribusiness-radio-network.md) | +3.7% | +4.2% |
| SOY | 2017-07-12 | [Grain market tumbles following USDA report - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6473-grain-market-tumbles-following-usda-report-iowa-agribusiness-radio-network.md) | -3.5% | -6.1% |
| SOY | 2021-04-09 | [April WASDE Report ?kind of a dud,? analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/47549-april-wasde-report-kind-of-a-dud-analyst-says-iowa-agribusiness-radio-network.md) | +0.2% | +13.4% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/weather-premium-running-dry/

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