# Market shows what happens when the bulls don't get fed - Agweek | #1 source for agriculture news, farming, markets

> Soybeans and corn posted their first lower weekly closes in weeks on March 12. Analysts said traders were disappointed that USDA's March WASDE made no changes to U.S. ending stocks, despite strong exports. A small increase to Brazil's soybean crop was offset by drought-related cuts in Argentina.

- Date: 2021-03-12 · published 2021-03-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5124-market-shows-what-happens-when-the-bulls-don-t-get-fed-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Unchanged U.S. ending stocks despite strong exports leaves the market without new bullish input, so prices may drift lower until USDA adjusts balance sheets.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2021-03-15 | 5 | -10.3% | -4.5 | Corn posted its first lower weekly close in weeks on March 12 as traders were disappointed that USDA's WASDE left U.S. ending stocks unchanged, a sentiment-driven selloff. |
| CORN | 2021-03-17 | 5 | -9.6% | -4.1 | Corn and soybeans posted lower weekly closes as traders were disappointed by unchanged US ending stocks, signaling bullish sentiment fading. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +3.4% | -2.9% |
| SOY | 2018-03-11 | [USDA report perplexes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65959-usda-report-perplexes-agweek-1-source-for-agriculture-news-farming-markets.md) | +2.0% | +1.7% |
| SOY | 2017-03-12 | [WASDE report puts major ag products on defensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11203-wasde-report-puts-major-ag-products-on-defensive-agweek-1-source-for.md) | +0.4% | -5.4% |
| SOY | 2025-11-14 | [Markets react immediately to bearish WASDE reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/21889-markets-react-immediately-to-bearish-wasde-reports-agweek-1-source-for.md) | -0.8% | -4.9% |
| SOY | 2017-03-06 | [USDA releases new crop estimates for major crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/71835-usda-releases-new-crop-estimates-for-major-crops-agweek-1-source-for.md) | -3.0% | -7.9% |
| CORN | 2020-06-07 | [Have the markets found a bottom? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9493-have-the-markets-found-a-bottom-agweek-1-source-for-agriculture-news-farming.md) | -0.3% | +2.8% |
| CORN | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -4.9% | -7.5% |
| CORN | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -1.9% | -5.7% |

## Sources

- agweek.com: https://www.agweek.com/business/market-shows-what-happens-when-the-bulls-dont-get-fed

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