# PF Report Reaction: USDA cuts global ending stocks for corn, soybeans, wheat and cotton - Pro Farmer

> Pro Farmer reported that U.S. corn and soybean carryout were unchanged in the March WASDE, while wheat ending stocks rose to 673 million bushels and cotton fell to 2.5 million bales. USDA cut the 2023/24 corn farm price by 5 cents to $4.75 and kept the soybean price at $12.65.

- Date: 2024-03-08 · published 2024-03-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31133-pf-report-reaction-usda-cuts-global-ending-stocks-for-corn-soybeans-wheat-and
- 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

Unchanged domestic corn and soybean stocks offer little price direction, while higher wheat carryout adds modest bearish pressure on wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-09 | [USDA cuts global ending stocks for beans, wheat, cotton and corn - Pro Farmer](https://feedsoft.ai/events/42671-usda-cuts-global-ending-stocks-for-beans-wheat-cotton-and-corn-pro-farmer.md) | +0.5% | +15.2% |
| 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 | 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% |
| CORN | 2025-02-11 | [USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady](https://feedsoft.ai/events/25987-usda-defies-expectations-holds-corn-and-soybean-ending-stocks-steady.md) | +1.4% | -5.7% |
| SOY | 2023-04-11 | [PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer](https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged.md) | +2.0% | -1.2% |
| SOY | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.7% | +5.6% |
| SOY | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | -1.1% | +7.5% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-usda-cuts-global-ending-stocks-corn-soybeans-wheat-and-cotton

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