# Markets turn red following USDA’s February WASDE surprises | An official publication of Michigan Farm Bureau

> Markets turned bearish after USDA's February WASDE, which kept 2024/25 U.S. corn and soybean ending stocks unchanged rather than lowering them as expected. Wheat ending stocks were trimmed by 4 million bushels, and the report was followed by a fall in prices.

- Date: 2025-02-11 · published 2025-02-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/25990-markets-turn-red-following-usda-s-february-wasde-surprises-an-official
- 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

The report's failure to tighten U.S. balance sheets, combined with large fund long positions, raises the risk of a sharp price correction. Feed buyers may see cheaper spot corn and soybeans in the near term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-06-11 | [Markets retract following ‘another neutral WASDE report’ \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/18735-markets-retract-following-another-neutral-wasde-report-an-official-publication.md) | +0.4% | -0.5% |
| CORN | 2025-11-14 | [USDA's WASDE turns markets bearish despite yield cuts \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/21891-usda-s-wasde-turns-markets-bearish-despite-yield-cuts-an-official-publication.md) | -0.8% | -0.3% |
| CORN | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -13.6% | -16.3% |
| CORN | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | -2.6% | +3.6% |
| CORN | 2022-06-20 | [Brazil expecting historic 2nd-crop corn yields despite less than ideal weather \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/13718-brazil-expecting-historic-2nd-crop-corn-yields-despite-less-than-ideal-weather.md) | -3.7% | -11.8% |
| SOY | 2026-06-11 | [Markets retract following ‘another neutral WASDE report’ \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/18735-markets-retract-following-another-neutral-wasde-report-an-official-publication.md) | +0.8% | +6.5% |
| SOY | 2025-11-14 | [USDA's WASDE turns markets bearish despite yield cuts \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/21891-usda-s-wasde-turns-markets-bearish-despite-yield-cuts-an-official-publication.md) | -0.8% | -4.9% |
| SOY | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -8.8% | -1.3% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/markets-turn-red-following-usda-s-february-wasde-surprises

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