# Will USDA right a sinking ship?

> Farm Futures analyst Bryce Knorr argues wheat may be the best hope to support corn and soybean markets, which are hovering near contract lows. Wheat gained in March and April on rumours of Black Sea export halts and a late April freeze in the Plains. Attention turns to the May 12 WASDE for winter wheat production data.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53173-will-usda-right-a-sinking-ship
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Corn and soybean weakness persists while wheat has found some support from Black Sea trade concerns and Plains crop damage. Feed buyers should monitor the WASDE for the wheat balance sheet.

## Read by commodity

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

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/will-usda-right-a-sinking-ship-

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