# Markets take USDA’s WASDE report in stride | An official publication of Michigan Farm Bureau

> Markets were little changed after the February WASDE, with nearby corn and soybeans up about 4.5 cents and wheat up 15 cents at the close on February 8. USDA raised US corn ending stocks by 25 million bushels and cut Argentine soybean output.

- Date: 2023-02-08 · published 2023-02-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37264-markets-take-usda-s-wasde-report-in-stride-an-official-publication-of-michigan
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Muted price reaction indicates the report matched expectations, so feed costs are unlikely to shift sharply on this report alone. Argentine cuts remain a supportive factor for meal.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/markets-take-usda-s-wasde-report-in-stride

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