# USDA's supply and demand report largely stands pat - Grainews

> USDA's March WASDE left U.S. corn, wheat and soybean estimates unchanged, and global revisions were small, including a 420,000-tonne rise in world corn production. Markets focused more on hopes of government economic stimulus for coronavirus and on the oil price war between Saudi Arabia and Russia. The report had a negligible effect on prices.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54097-usda-s-supply-and-demand-report-largely-stands-pat-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Macro and energy headlines are dominating grain prices, and crude weakness can pressure corn and soy via biofuel economics.

## Read by commodity

- SOY: neutral
- WTI: bearish ▼
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-06-12 | [USDA Holds Pat on June Supply and Demand Numbers](https://feedsoft.ai/events/29689-usda-holds-pat-on-june-supply-and-demand-numbers.md) | -0.1% | -7.3% |
| CORN | 2026-06-01 | [US: USDA Supply/Demand - Corn](https://feedsoft.ai/events/19196-us-usda-supply-demand-corn.md) | -5.5% | -10.2% |
| CORN | 2019-02-08 | [Analysts see few surprises in supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60557-analysts-see-few-surprises-in-supply-and-demand-report-brownfield-ag-news.md) | +0.8% | -2.1% |
| CORN | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +4.3% | +3.9% |
| CORN | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +4.4% | -4.7% |
| WHEAT | 2024-06-12 | [USDA Holds Pat on June Supply and Demand Numbers](https://feedsoft.ai/events/29689-usda-holds-pat-on-june-supply-and-demand-numbers.md) | -2.1% | -3.3% |
| WHEAT | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | +5.7% | -5.3% |
| WHEAT | 2019-05-21 | [A Look at AAFC's Supply and Demand Estimates](https://feedsoft.ai/events/59178-a-look-at-aafc-s-supply-and-demand-estimates.md) | -13.2% | -6.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/usdas-supply-and-demand-report-largely-stands-pat/

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