# USDA releases ?neutral? WASDE Report | Iowa Agribusiness Radio Network

> An Allendale broker called the March WASDE mostly neutral, with US corn stocks at 1.502 billion bushels against a trade estimate of 1.471 billion. Brazil soybean production was raised to 134 million tons, a surprise given harvest delays, while Argentina was cut by 0.5 million tons. Prices traded near pre-report levels.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48072-usda-releases-neutral-wasde-report-iowa-agribusiness-radio-network
- 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

The report produced little net price movement, but the Brazil soybean increase is a mild bearish factor for soybeans against a bullish corn stocks surprise.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-05-12 | [May WASDE: ?Relatively in line with expectations? \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/53060-may-wasde-relatively-in-line-with-expectations-iowa-agribusiness-radio-network.md) | +0.6% | +4.2% |
| CORN | 2020-04-09 | [April WASDE contained ?friendly? and ?negative? components \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/53603-april-wasde-contained-friendly-and-negative-components-iowa-agribusiness-radio.md) | -5.5% | -6.4% |
| CORN | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -0.6% | +2.1% |
| CORN | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | +1.0% | +5.3% |
| CORN | 2022-04-08 | [Few Surprises in April WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/41796-few-surprises-in-april-wasde-report-red-river-farm-network.md) | -0.7% | -6.4% |
| SOY | 2021-08-12 | [Markets higher after ?exciting? WASDE Report \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/45503-markets-higher-after-exciting-wasde-report-iowa-agribusiness-radio-network.md) | -3.4% | -10.4% |
| SOY | 2018-12-11 | [WASDE Report uneventful. Watch your soybean futures closely \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/61512-wasde-report-uneventful-watch-your-soybean-futures-closely-iowa-agribusiness.md) | -0.5% | +0.2% |
| SOY | 2020-05-12 | [May WASDE: ?Relatively in line with expectations? \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/53060-may-wasde-relatively-in-line-with-expectations-iowa-agribusiness-radio-network.md) | -0.9% | +1.3% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/usda-releases-neutral-wasde-report/

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