# Despite ‘extremely neutral’ WASDE, soybeans see a market bump | An official publication of Michigan Farm Bureau

> Michigan Farm Bureau reported that the February WASDE was largely a non-event, with the only notable change being the 100 million bushel corn export increase. Soybeans rose about 10 cents after the report, driven by a presidential statement that China's Xi committed to buy 8 million more metric tons of US soybeans this marketing year.

- Date: 2026-02-10 · published 2026-02-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/20551-despite-extremely-neutral-wasde-soybeans-see-a-market-bump-an-official
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected Chinese purchases of US soybeans support soybean prices and shift export destinations, while the corn balance change adds modest support.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-10-26 | [Cash market update: Wheat falls on rising supply despite Black Sea risks as China’s US soybean purchases near 70% of its commitment - Fastmarkets](https://feedsoft.ai/events/442-cash-market-update-wheat-falls-on-rising-supply-despite-black-sea-risks-as.md) | -1.5% | — |
| SOY | 2018-01-31 | [Make Agricultural Trade Great Again \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/66973-make-agricultural-trade-great-again-farm-bureau-intel-markets-american-farm.md) | -1.4% | +4.5% |
| SOY | 2020-08-13 | [Soybean Demand Offers Hope for the Market \| Red River Farm Network](https://feedsoft.ai/events/11345-soybean-demand-offers-hope-for-the-market-red-river-farm-network.md) | +2.5% | +10.6% |
| SOY | 2020-03-04 | [Soybeans rise on hopes for export demand, financial market gains \| Financial Post](https://feedsoft.ai/events/54186-soybeans-rise-on-hopes-for-export-demand-financial-market-gains-financial-post.md) | -2.2% | -0.8% |
| SOY | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +5.6% | +8.0% |
| CORN | 2018-01-31 | [Make Agricultural Trade Great Again \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/66973-make-agricultural-trade-great-again-farm-bureau-intel-markets-american-farm.md) | +0.3% | +1.5% |
| CORN | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +1.4% | +2.7% |
| CORN | 2020-07-16 | [Higher Chinese feed demand boosts US corn and soybean exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/52129-higher-chinese-feed-demand-boosts-us-corn-and-soybean-exports-agweek-1-source.md) | +0.8% | -0.4% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/despite-extremely-neutral-wasde-soybeans-see-a-market-bump

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