# PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer

> USDA's Sept. 1 grain stocks report showed corn stocks at 1.361 billion bushels, below the trade estimate of 1.429 billion, while soybean stocks at 268 million bushels beat expectations of 242 million. Wheat stocks of 1.780 billion bushels were slightly above the 1.772 billion expected, and markets fell after the release.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter-than-expected corn stocks support feed grain prices, while larger soybean stocks and wheat supplies weigh on soybeans, soymeal and wheat values.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-08 | [PF Reaction to USDA's Reports \| November 8, 2024 - Pro Farmer](https://feedsoft.ai/events/27341-pf-reaction-to-usda-s-reports-november-8-2024-pro-farmer.md) | -1.4% | -2.0% |
| CORN | 2022-03-31 | [PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer](https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer.md) | +4.1% | +5.9% |
| CORN | 2024-08-12 | [PF Report Reaction: Soybean crop much bigger than expected, corn data mildly supportive. - Pro Farmer](https://feedsoft.ai/events/28716-pf-report-reaction-soybean-crop-much-bigger-than-expected-corn-data-mildly.md) | -1.6% | +1.4% |
| CORN | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +3.1% | -3.3% |
| CORN | 2018-04-03 | [Planting report leads to market rally - Farm and Dairy](https://feedsoft.ai/events/65541-planting-report-leads-to-market-rally-farm-and-dairy.md) | +0.7% | +1.4% |
| SOY | 2024-04-11 | [PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer](https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer.md) | -1.3% | +4.1% |
| 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 | 2022-03-31 | [PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer](https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer.md) | -2.7% | +2.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-markets-react-negatively-sept-29-data

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