# No big surprises in USDA report, markets trading weather - Brownfield Ag News

> StoneX economist Arlan Suderman said the October USDA report held few surprises, with U.S. corn production raised and soybean production lowered slightly. He said U.S. grain and oilseed supplies are ample and that markets have priced this in. The focus now shifts to finding demand and to U.S. and South American weather.

- Date: 2024-10-11 · published 2024-10-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news
- 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

With supplies amply covering demand, the market is vulnerable to lower prices unless weather changes the outlook. Demand prospects look better for corn and wheat than for soybeans.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-13 | [Market setback day after USDA supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/12369-market-setback-day-after-usda-supply-and-demand-report-brownfield-ag-news.md) | -7.7% | -2.2% |
| CORN | 2018-09-14 | [Farming News - Markets continuing to adjust their position after USDA report contains some surprises](https://feedsoft.ai/events/62990-farming-news-markets-continuing-to-adjust-their-position-after-usda-report.md) | +2.4% | +4.1% |
| CORN | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | -5.9% | -7.2% |
| CORN | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -6.6% | -4.5% |
| CORN | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -2.0% | -4.5% |
| SOY | 2021-05-13 | [Market setback day after USDA supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/12369-market-setback-day-after-usda-supply-and-demand-report-brownfield-ag-news.md) | -7.4% | -7.0% |
| SOY | 2018-09-14 | [Farming News - Markets continuing to adjust their position after USDA report contains some surprises](https://feedsoft.ai/events/62990-farming-news-markets-continuing-to-adjust-their-position-after-usda-report.md) | +3.3% | +4.3% |
| SOY | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | +4.2% | -1.5% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/no-big-surprises-in-usda-report-markets-trading-weather/

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