# Fear, uncertainty overrule grain market fundamentals

> A market analyst writes that the USDA report on Tuesday was meaningless, with U.S. corn, soybean and wheat ending stocks mostly unchanged from the prior month. He notes that world ending stocks are burdensome, and that China holds about 52% of global stocks, though its data is opaque. He argues that fear and panic, not fundamentals, drove recent grain trading.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54096-fear-uncertainty-overrule-grain-market-fundamentals
- 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

Sentiment rather than balance sheets is setting grain prices, so buyers should expect volatility to persist until the macro shock eases, while ample global stocks limit upside.

## Read by commodity

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

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/fear-uncertainty-overrule-grain-market-fundamentals

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