# WASDE report puts major ag products on defensive - Agweek | #1 source for agriculture news, farming, markets

> The USDA's March WASDE report showed little change in US balance sheets and raised global supply estimates, with larger wheat output from Argentina and Australia. Corn and soybean output from South America also rose from the February report, and the market viewed the report as bearish.

- Date: 2017-03-12 · published 2017-03-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11203-wasde-report-puts-major-ag-products-on-defensive-agweek-1-source-for
- 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

Growing global supplies and higher South American estimates add downward pressure on grain and oilseed prices ahead of the March 31 planting and stocks reports.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -1.9% | -5.7% |
| CORN | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -4.9% | -7.5% |
| CORN | 2025-11-14 | [Markets react immediately to bearish WASDE reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/21889-markets-react-immediately-to-bearish-wasde-reports-agweek-1-source-for.md) | -0.8% | -0.3% |
| CORN | 2020-05-12 | [WASDE report shows new crop ending stocks shrinking, corn stocks rising - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53058-wasde-report-shows-new-crop-ending-stocks-shrinking-corn-stocks-rising-agweek-1.md) | +0.6% | +4.2% |
| CORN | 2020-06-07 | [Have the markets found a bottom? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9493-have-the-markets-found-a-bottom-agweek-1-source-for-agriculture-news-farming.md) | -0.3% | +2.8% |
| SOY | 2018-03-11 | [USDA report perplexes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65959-usda-report-perplexes-agweek-1-source-for-agriculture-news-farming-markets.md) | +2.0% | +1.7% |
| SOY | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +3.4% | -2.9% |
| SOY | 2025-11-14 | [Markets react immediately to bearish WASDE reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/21889-markets-react-immediately-to-bearish-wasde-reports-agweek-1-source-for.md) | -0.8% | -4.9% |

## Sources

- agweek.com: https://www.agweek.com/opinion/wasde-report-puts-major-ag-products-on-defensive

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