# USDA Report Reaction | Markets have muted response to USDA's March WASDE Report - Pro Farmer

> Pro Farmer reported that USDA's March WASDE left U.S. corn and soybean ending stocks unchanged, while wheat carryover rose to 819 million bushels from 794 million. Futures showed a muted response, with wheat trading 5 to 8 cents lower by midmorning.

- Date: 2025-03-11 · published 2025-03-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/25513-usda-report-reaction-markets-have-muted-response-to-usda-s-march-wasde-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The higher U.S. wheat carryover is bearish for wheat, but the lack of change in corn and soybeans means feed grain prices saw little direct support from the report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-09-29 | [PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer](https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer.md) | -4.7% | -2.2% |
| WHEAT | 2024-04-11 | [PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer](https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer.md) | -0.9% | -0.5% |
| WHEAT | 2024-01-12 | [PF Report Reaction: Bearish reaction to USDA's barrage of January data - Pro Farmer](https://feedsoft.ai/events/32066-pf-report-reaction-bearish-reaction-to-usda-s-barrage-of-january-data-pro-farmer.md) | +0.4% | -1.5% |
| WHEAT | 2021-12-09 | [PF Report Reaction: USDA delivers a yawner, as expected - Pro Farmer](https://feedsoft.ai/events/43526-pf-report-reaction-usda-delivers-a-yawner-as-expected-pro-farmer.md) | -6.6% | -3.3% |
| WHEAT | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +10.7% | -0.6% |
| CORN | 2024-04-11 | [PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer](https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer.md) | -0.4% | +0.8% |
| CORN | 2019-01-01 | [Market Reaction to USDA’s August Corn Crop Reports](https://feedsoft.ai/events/60954-market-reaction-to-usda-s-august-corn-crop-reports.md) | +1.4% | +1.8% |
| CORN | 2020-03-10 | [Markets unfazed by March WASDE report](https://feedsoft.ai/events/54089-markets-unfazed-by-march-wasde-report.md) | -3.4% | -3.3% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/usda-report-reaction-markets-have-muted-response-usdas-march-wasde-report

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