# PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer

> Pro Farmer reported a muted market reaction to USDA's April report, with corn and soybean futures slightly lower and wheat futures down 6 to 8 cents. US corn carryover was cut to 2.122 billion bushels, and soybean carryover rose to 340 million. Wheat carryover increased to 698 million bushels.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer
- 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

Little change in the price reaction suggests the market had already priced in the adjustments. Feed buyers should expect little near-term change in ingredient costs from this report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-03-11 | [USDA Report Reaction \| Markets have muted response to USDA's March WASDE Report - Pro Farmer](https://feedsoft.ai/events/25513-usda-report-reaction-markets-have-muted-response-to-usda-s-march-wasde-report.md) | +5.0% | +2.5% |
| CORN | 2025-07-11 | [PF Reaction to USDA Reports \| USDA cuts old-, new-crop corn ending stocks - Pro Farmer](https://feedsoft.ai/events/23714-pf-reaction-to-usda-reports-usda-cuts-old-new-crop-corn-ending-stocks-pro-farmer.md) | -0.7% | -1.5% |
| CORN | 2021-11-10 | [PF Report Reaction: USDA unexpectedly trims its soybean crop estimate - Pro Farmer](https://feedsoft.ai/events/13412-pf-report-reaction-usda-unexpectedly-trims-its-soybean-crop-estimate-pro-farmer.md) | +0.3% | +4.6% |
| CORN | 2024-03-08 | [PF Report Reaction: USDA cuts global ending stocks for corn, soybeans, wheat and cotton - Pro Farmer](https://feedsoft.ai/events/31133-pf-report-reaction-usda-cuts-global-ending-stocks-for-corn-soybeans-wheat-and.md) | -0.3% | -3.1% |
| 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% |
| SOY | 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) | -1.5% | -3.9% |
| SOY | 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) | -1.5% | -1.6% |
| SOY | 2026-10-09 | [Report Reactions - Pro Farmer](https://feedsoft.ai/events/17068-report-reactions-pro-farmer.md) | -2.2% | -4.4% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-usdas-report-data-fails-provide-bullish-spark

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