# Taking a look at the role of USDA reports in the market  – Ohio Ag Net | Ohio's Country Journal

> The USDA report released the prior week held few surprises, with corn carryout slightly lower and soybeans slightly higher than expected. Corn crop conditions looked strong across most of the Corn Belt, and early harvest yields in southern Texas were the best ever for that region.

- Date: 2016-07-18 · published 2016-07-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/4944-taking-a-look-at-the-role-of-usda-reports-in-the-market-ohio-ag-net-ohio-s
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Trend-level yields and ample supply keep corn prices capped, while harvest-time basis is expected to weaken as corn becomes more available.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-11 | [USDA Reports Review – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/60040-usda-reports-review-ohio-ag-net-ohio-s-country-journal.md) | +3.0% | +0.5% |
| CORN | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -2.0% | -4.5% |
| CORN | 2024-10-11 | [No big surprises in USDA report, markets trading weather - Brownfield Ag News](https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news.md) | -1.8% | +0.9% |
| CORN | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -2.0% | -4.5% |
| CORN | 2025-02-27 | [USDA's initial look at 2025-26 marketing year - Pro Farmer](https://feedsoft.ai/events/26084-usda-s-initial-look-at-2025-26-marketing-year-pro-farmer.md) | -5.3% | -1.0% |
| SOY | 2023-08-15 | [A look at the August WASDE – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/5616-a-look-at-the-august-wasde-ohio-ag-net-ohio-s-country-journal.md) | -1.5% | -4.3% |
| SOY | 2018-02-08 | [Report confusing, negative numbers not killing soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/66446-report-confusing-negative-numbers-not-killing-soybeans-ohio-ag-net-ohio-s.md) | +3.5% | +7.2% |
| SOY | 2022-03-01 | [ERS estimates of retaliatory tariffs on U.S. agriculture – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/14950-ers-estimates-of-retaliatory-tariffs-on-u-s-agriculture-ohio-ag-net-ohio-s.md) | +1.8% | +1.2% |

## Sources

- ocj.com: https://ocj.com/2016/07/taking-a-look-at-the-role-of-usda-reports-in-the-market/

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