# USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News

> Soybeans and corn closed sharply higher on January 12, with soybeans above 14 dollars and corn at limit-up above 5 dollars after USDA cut 2020 corn production and ending stocks. USDA also raised soybean meal exports and soybean oil for biofuel use, and Unknown destinations bought 120,000 tons of U.S. soybeans.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-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), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower corn and soybean stocks plus higher meal export demand support feed ingredient prices. Continued export buying signals firm demand that supports the price trend.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.9% | +0.3% |
| CORN | 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) | +1.0% | +3.8% |
| CORN | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | -0.9% | +1.1% |
| CORN | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +1.5% | +11.3% |
| CORN | 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) | +0.8% | +0.4% |
| SOY | 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) | +2.0% | -1.2% |
| SOY | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.2% | -3.0% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/usda-numbers-send-corn-soybeans-wheat-higher/

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