# Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News

> Brownfield reports soybeans rose on fund and technical buying after USDA's April WASDE. USDA raised Brazil's soybean crop and lowered Argentina's by more than expected, while corn and wheat fell after the report.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight U.S. near-term soybean supplies and solid soymeal demand support soy complex prices. Lower corn and wheat prices reflect the unchanged or looser stocks outlook.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-12 | [Soybeans mostly up, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/5090-soybeans-mostly-up-wheat-down-after-usda-numbers-brownfield-ag-news.md) | -0.3% | +4.9% |
| SOY | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.2% | -3.0% |
| SOY | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +5.1% | +9.0% |
| SOY | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +0.8% | +2.0% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |
| SBM | 2022-10-12 | [Soybeans mostly up, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/5090-soybeans-mostly-up-wheat-down-after-usda-numbers-brownfield-ag-news.md) | -1.2% | +1.9% |
| SBM | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +1.1% | -2.8% |
| SBM | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +8.2% | +17.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-up-corn-wheat-down-after-usda-numbers-2/

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