# USDA Trims South American Production, Raises U.S. Ending Stocks

> USDA cut Brazil's soybean production to 156 million tonnes and corn to 124 million tonnes in the February WASDE, and raised U.S. soybean ending stocks to 315 million bushels, just above pre-report expectations. Analysts said the global balance was slightly bearish for soybeans and corn and neutral for wheat.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31630-usda-trims-south-american-production-raises-u-s-ending-stocks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The modest South American cuts were not enough to offset higher U.S. stocks, so the report keeps downward pressure on soybean and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-04-11 | [Global Soybean Production, Ending Stocks Raised](https://feedsoft.ai/events/71445-global-soybean-production-ending-stocks-raised.md) | +0.5% | +2.5% |
| SOY | 2026-01-12 | [USDA Raises Production and Stocks Above Trade Expectations](https://feedsoft.ai/events/20994-usda-raises-production-and-stocks-above-trade-expectations.md) | +0.9% | +5.9% |
| SOY | 2019-12-12 | [South American Soybean Production Impact](https://feedsoft.ai/events/55631-south-american-soybean-production-impact.md) | +3.9% | +4.6% |
| SOY | 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) | -1.6% | +2.5% |
| SOY | 2018-08-10 | [USDA raises new crop U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/63479-usda-raises-new-crop-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -0.3% | -6.3% |
| CORN | 2026-01-12 | [USDA Raises Production and Stocks Above Trade Expectations](https://feedsoft.ai/events/20994-usda-raises-production-and-stocks-above-trade-expectations.md) | -2.8% | -1.7% |
| 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 | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.6% | -0.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/02/08/usda-releases-february-crop-wasde

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