# USDA raises corn, soybean ending stocks in latest WASDE | Agri-Pulse Communications, Inc.

> USDA lowered its U.S. soybean export forecast as cheaper Brazilian beans take share in key markets, yet still raised U.S. soybean and corn ending stocks. Brazil's soybean production was cut by 1 million tonnes to 156 million tonnes, a smaller reduction than many traders expected.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/31629-usda-raises-corn-soybean-ending-stocks-in-latest-wasde-agri-pulse
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower U.S. export demand combined with Brazilian competition points to bearish soybean and soybean meal pricing through the seasonal shift to South American supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-09-10 | [Vilsack warns against restricting biofuel feedstocks \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15187-vilsack-warns-against-restricting-biofuel-feedstocks-agri-pulse-communications.md) | +0.5% | +3.4% |
| SOY | 2019-08-06 | [China revokes tariff exemption on soybeans \| 2019-08-06 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57445-china-revokes-tariff-exemption-on-soybeans-2019-08-06-agri-pulse-agri-pulse.md) | +1.3% | +0.7% |
| SOY | 2025-12-23 | [China lags on soybean buys as officials insist deadline hasn’t moved \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14613-china-lags-on-soybean-buys-as-officials-insist-deadline-hasn-t-moved-agri-pulse.md) | -0.7% | +1.0% |
| SOY | 2025-04-09 | [As new tariffs kick in, what do they mean for U.S. ag?  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/25448-as-new-tariffs-kick-in-what-do-they-mean-for-u-s-ag-agri-pulse-communications.md) | +4.4% | +3.8% |
| SOY | 2024-07-10 | [Oilseed industry worries rise in imported feedstock will undermine U.S. producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15203-oilseed-industry-worries-rise-in-imported-feedstock-will-undermine-u-s.md) | -6.1% | -11.5% |
| SBM | 2019-08-06 | [China revokes tariff exemption on soybeans \| 2019-08-06 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57445-china-revokes-tariff-exemption-on-soybeans-2019-08-06-agri-pulse-agri-pulse.md) | -1.0% | -2.3% |
| SBM | 2024-07-10 | [Oilseed industry worries rise in imported feedstock will undermine U.S. producers \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15203-oilseed-industry-worries-rise-in-imported-feedstock-will-undermine-u-s.md) | -9.3% | -6.5% |
| SBM | 2018-01-03 | [Ag groups see trade, farm bill among top challenges in 2018 \| 2018-01-02 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/66972-ag-groups-see-trade-farm-bill-among-top-challenges-in-2018-2018-01-02-agri.md) | +0.3% | +7.8% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/20621-usda-raises-corn-soybean-ending-stocks-in-latest-wasde

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