# Market setback day after USDA supply and demand report - Brownfield Ag News

> Corn and soybean futures fell sharply on May 13, 2021, the day after the USDA released its supply and demand estimates. An AgriVisor analyst said the report contained no major bullish surprises. He noted that U.S. soybean supplies are expected to stay tight while global soybean supplies are expected to increase.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12369-market-setback-day-after-usda-supply-and-demand-report-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The lack of surprises in the USDA data removed the bullish case for corn and soybeans, and expected global supply growth limits upside for the soy complex. Feed buyers may find near-term prices softer as the market digests the report.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | +0.8% | +0.8% |
| CORN | 2024-10-11 | [No big surprises in USDA report, markets trading weather - Brownfield Ag News](https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news.md) | -1.8% | +0.9% |
| CORN | 2026-03-10 | [Soybeans up, corn and wheat down after quiet March WASDE report - Brownfield Ag News](https://feedsoft.ai/events/10386-soybeans-up-corn-and-wheat-down-after-quiet-march-wasde-report-brownfield-ag.md) | +3.2% | +2.8% |
| CORN | 2017-08-10 | [Breaking down the USDA Supply and Demand report \| NEWSRADIO 1040 WHO](https://feedsoft.ai/events/69396-breaking-down-the-usda-supply-and-demand-report-newsradio-1040-who.md) | -4.5% | -6.5% |
| CORN | 2021-09-30 | [Soybeans down, corn mixed after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/45109-soybeans-down-corn-mixed-after-usda-numbers-brownfield-ag-news.md) | +0.3% | +2.8% |
| SOY | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | -0.1% | +1.8% |
| SOY | 2024-10-11 | [No big surprises in USDA report, markets trading weather - Brownfield Ag News](https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news.md) | -2.6% | +0.1% |
| SOY | 2017-08-10 | [Breaking down the USDA Supply and Demand report \| NEWSRADIO 1040 WHO](https://feedsoft.ai/events/69396-breaking-down-the-usda-supply-and-demand-report-newsradio-1040-who.md) | -4.3% | +0.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/market-setback-day-after-usda-supply-and-demand-report/

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