# What is USDA seeing?

> An AgMarket.Net commentary on the week of the election, FOMC and WASDE says the November WASDE pointed to higher corn feeding and hinted at stronger soybean exports. Corn, soybeans and wheat sold off for three days after the bullish report. The Fed cut rates 25 basis points that week.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/27343-what-is-usda-seeing
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stronger expected feed use and soybean exports tighten supplies, which supports soybean and soymeal prices. The short-term selloff shows the export and feed demand signal has not yet lifted prices.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | -1.0% | -4.9% |
| SOY | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |
| SOY | 2017-02-24 | [USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017](https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017.md) | +1.5% | -2.0% |
| SOY | 2017-10-19 | [ABARES tell us what we know USDA surprise - StockCo Australia](https://feedsoft.ai/events/68405-abares-tell-us-what-we-know-usda-surprise-stockco-australia.md) | -0.9% | -0.8% |
| SOY | 2023-10-13 | [What Was So Bullish About the October USDA Reports? - AgWeb](https://feedsoft.ai/events/33586-what-was-so-bullish-about-the-october-usda-reports-agweb.md) | +2.0% | +2.9% |
| CORN | 2020-03-10 | [USDA data is a nonevent Tuesday](https://feedsoft.ai/events/54087-usda-data-is-a-nonevent-tuesday.md) | -3.4% | -3.3% |
| CORN | 2017-05-10 | [USDA: 2017 wheat crop seen down 9% on fewer acres, storm](https://feedsoft.ai/events/70938-usda-2017-wheat-crop-seen-down-9-on-fewer-acres-storm.md) | +0.3% | +2.4% |
| CORN | 2026-04-01 | [USDA leaves U.S. soybean, corn, wheat ending stocks unchanged](https://feedsoft.ai/events/20192-usda-leaves-u-s-soybean-corn-wheat-ending-stocks-unchanged.md) | -1.7% | +1.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/what-is-usda-seeing-

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