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

> USDA's quarterly stocks data showed soybean and corn carryouts down on the year but above expectations, with slower fourth-quarter 2020/21 usage. Soybean meal fell on commercial selling while soybean oil rose on strength in global vegetable oils, including record Malaysian palm oil prices.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/45109-soybeans-down-corn-mixed-after-usda-numbers-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Bigger-than-expected stocks weigh on corn and meal, while firm vegetable oil prices support soybean oil and substitute oils used in feed formulation.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-10-05 | 5 | +9.6% | 2.8 | Soybean oil strength tied to record Malaysian palm prices confirms strong vegetable oil momentum in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +0.4% | +0.2% |
| CORN | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | +1.0% | -16.7% |
| CORN | 2018-09-12 | [Corn, wheat down following USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/62984-corn-wheat-down-following-usda-numbers-brownfield-ag-news.md) | -2.5% | -0.1% |
| CORN | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | +0.8% | +0.8% |
| CORN | 2017-10-12 | [USDA raises 2017 corn guess, lowers soybeans - Brownfield Ag News](https://feedsoft.ai/events/68314-usda-raises-2017-corn-guess-lowers-soybeans-brownfield-ag-news.md) | -0.0% | -3.8% |
| SOY | 2017-03-29 | [Soybeans down, corn up after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/72023-soybeans-down-corn-up-after-usda-numbers-brownfield-ag-news.md) | -3.5% | -2.7% |
| SOY | 2022-09-30 | [Wheat, corn rise, soybeans fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/39611-wheat-corn-rise-soybeans-fall-after-usda-numbers-brownfield-ag-news.md) | -3.7% | -2.0% |
| SOY | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | -5.0% | -3.9% |

## Sources

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

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