# Grains struggle for direction after March WASDE

> Grain futures showed little reaction to the March WASDE, with soybeans rising more than 0.75% immediately after the report. Corn edged higher while wheat was mixed and mostly lower. The report was not a major price driver this month.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36818-grains-struggle-for-direction-after-march-wasde
- 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

Soybean strength reflects improving exports and historically tight stocks, which supports soybean meal and feed costs. The muted corn and wheat moves mean feed buyers face little change in grain pricing from the report.

## Read by commodity

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

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/grains-struggle-for-direction-after-march-wasde

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