# U.S. grains: Wheat and soy climb, corn sags after USDA data - Manitoba Co-operator

> US wheat futures rose over 1% on March 9 after USDA cut its forecast of world wheat ending stocks to 301.19 million tonnes, citing China's feed wheat demand. Corn fell after USDA raised world corn stocks, while soybeans firmed on tight US supplies. The dollar retreated from a 3.5-year high.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48067-u-s-grains-wheat-and-soy-climb-corn-sags-after-usda-data-manitoba-co-operator
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The lower global wheat carryout supports wheat prices, while the larger world corn stocks figure weighs on corn. A weaker dollar also makes US grains more competitive abroad.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-30 | [U.S. grains: Chicago wheat above $5 on U.S., Canadian concerns - Manitoba Co-operator](https://feedsoft.ai/events/70513-u-s-grains-chicago-wheat-above-5-on-u-s-canadian-concerns-manitoba-co-operator.md) | +1.3% | -3.7% |
| WHEAT | 2017-01-12 | [U.S. farmers cut winter wheat acres to 108-year low - Manitoba Co-operator](https://feedsoft.ai/events/72943-u-s-farmers-cut-winter-wheat-acres-to-108-year-low-manitoba-co-operator.md) | +0.9% | +5.3% |
| WHEAT | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -2.7% | +0.0% |
| WHEAT | 2026-05-08 | [Grains surge as USDA wheat shock meets biofuel-driven soy demand \| Saxo](https://feedsoft.ai/events/10797-grains-surge-as-usda-wheat-shock-meets-biofuel-driven-soy-demand-saxo.md) | +3.3% | -0.2% |
| WHEAT | 2018-06-12 | [U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews](https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews.md) | -0.9% | -6.9% |
| CORN | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | -0.2% | -1.7% |
| CORN | 2017-08-11 | [U.S. grains: Wheat falls; corn, soy firm - Grainews](https://feedsoft.ai/events/69495-u-s-grains-wheat-falls-corn-soy-firm-grainews.md) | -1.6% | -4.0% |
| CORN | 2017-11-16 | [USDA report surprises oilseed market - Manitoba Co-operator](https://feedsoft.ai/events/67933-usda-report-surprises-oilseed-market-manitoba-co-operator.md) | +1.0% | +3.9% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-wheat-and-soy-climb-corn-sags-after-usda-data/

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