# After the Bell | October 1, 2021 - Pro Farmer

> Soybean futures closed at a six-month low after USDA's Sept. 1 stocks estimate came in well above trade expectations and harvest advanced. Wheat futures neared a seven-week high, and corn gained on wheat strength.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11318-after-the-bell-october-1-2021-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The bearish stocks surprise removes old-crop support from soybeans, and prices will need outside support to recover. Corn's firmness, driven by wheat, is a partial offset for feed buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2021-10-04 | 1 | +3.1% | 3.2 | Wheat futures neared a seven-week high on Oct 1 amid the stocks report, indicating momentum and sentiment building that likely carried into the next trading session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-12 | [Ahead of the Open \| July 12, 2021 - Pro Farmer](https://feedsoft.ai/events/7781-ahead-of-the-open-july-12-2021-pro-farmer.md) | -0.8% | +0.2% |
| WHEAT | 2026-05-15 | [After the Bell \| Weekly losses for soybeans, corn on China disappointment - Pro Farmer](https://feedsoft.ai/events/9302-after-the-bell-weekly-losses-for-soybeans-corn-on-china-disappointment-pro.md) | +0.9% | -3.7% |
| WHEAT | 2021-10-28 | [Feed grain report: 28 October 2021 \| AHDB](https://feedsoft.ai/events/44683-feed-grain-report-28-october-2021-ahdb.md) | +10.0% | +9.2% |
| WHEAT | 2021-09-30 | [Daily Market Wire 1 October 2021 - Grain Central](https://feedsoft.ai/events/45040-daily-market-wire-1-october-2021-grain-central.md) | +5.6% | +8.7% |
| WHEAT | 2026-05-12 | [Report Reaction \| Wheat futures surge after USDA pegs production well below trade expectations - Pro Farmer](https://feedsoft.ai/events/10791-report-reaction-wheat-futures-surge-after-usda-pegs-production-well-below-trade.md) | +2.0% | -3.2% |
| CORN | 2021-07-12 | [Ahead of the Open \| July 12, 2021 - Pro Farmer](https://feedsoft.ai/events/7781-ahead-of-the-open-july-12-2021-pro-farmer.md) | -6.7% | -7.2% |
| CORN | 2023-08-25 | [After the Bell \| August 25, 2023](https://feedsoft.ai/events/34623-after-the-bell-august-25-2023.md) | -2.2% | -9.0% |
| CORN | 2021-10-18 | [Wheat prices rose sharply after the release of the October USDA report](https://feedsoft.ai/events/44584-wheat-prices-rose-sharply-after-the-release-of-the-october-usda-report.md) | +1.5% | +13.0% |

## Sources

- profarmer.com: https://www.profarmer.com/news/after-bell/after-bell-october-1-2021
- profarmer.com: https://www.profarmer.com/news/ahead-open/ahead-open-october-1-2021

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