# USDA Reports Summary

> USDA cut Brazilian soybean production by 5 million metric tons and Argentine production by 1.5 million tons in the February WASDE, citing dry conditions in South America. Brazilian corn production was reduced by 1 million tons. US corn and soybean exports and overall supply and demand were left largely unchanged.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: report · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/42673-usda-reports-summary
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Dry weather cuts to South American output tighten global soybean and corn supplies, which supports prices and pushes buyers toward US origin. The cuts also raise the value of soymeal as a feed ingredient.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-08 | [USDA Reports Summary](https://feedsoft.ai/events/13133-usda-reports-summary.md) | -2.9% | -2.1% |
| SOY | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.1% | +8.2% |
| SOY | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | -0.3% | +4.9% |
| SOY | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.4% | +6.6% |
| SOY | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +0.9% | +1.2% |
| SBM | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +0.7% | +5.5% |
| SBM | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +2.0% | +1.7% |
| SBM | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +0.9% | -3.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/02/09/usda-releases-february-crop-wasde?referrer=twitter

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