# U.S. grains: CBOT grain, soybean futures tumble after monthly USDA data | Farmtario

> CBOT soybean, corn and wheat futures fell on December 8 after USDA's monthly report, with soybeans settling down 7-3/4 cents at $13.04 a bushel. The USDA estimate of Brazil's soybean crop at 161 million metric tons came toward the high end of trade expectations. U.S. government data also showed sales of 1.12 million tons of soft red wheat to China.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32635-u-s-grains-cbot-grain-soybean-futures-tumble-after-monthly-usda-data-farmtario
- 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 report eased concerns about global oilseed supply, which pressured soybean futures lower. Grain futures were also pushed down by profit-taking after the report, though wheat export sales to China give some support.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-12 | [U.S. grains: Soybean, grains futures drop as traders shed risk - AgCanada](https://feedsoft.ai/events/5618-u-s-grains-soybean-grains-futures-drop-as-traders-shed-risk-agcanada.md) | -2.7% | -3.5% |
| SOY | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | +0.4% | -3.8% |
| SOY | 2018-08-10 | [Soybeans, Grains Plunge After USDA Raises Production Forecasts](https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts.md) | -0.3% | -6.3% |
| SOY | 2025-11-14 | [Corn, soybeans plunge after USDA data undercuts bulls](https://feedsoft.ai/events/21886-corn-soybeans-plunge-after-usda-data-undercuts-bulls.md) | -0.8% | -4.9% |
| SOY | 2025-03-14 | [Higher Argentine soybean exports says USDA attaché \| Farmtario](https://feedsoft.ai/events/13873-higher-argentine-soybean-exports-says-usda-attache-farmtario.md) | +1.6% | +3.2% |
| CORN | 2023-08-12 | [U.S. grains: Soybean, grains futures drop as traders shed risk - AgCanada](https://feedsoft.ai/events/5618-u-s-grains-soybean-grains-futures-drop-as-traders-shed-risk-agcanada.md) | +0.3% | -1.6% |
| CORN | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -6.0% | -8.6% |
| CORN | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | -0.2% | -1.7% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-grains-cbot-grain-soybean-futures-tumble-after-monthly-usda-data/

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