# Outside factors continue to dominate commodity markets | Profitability | farmweeknow.com

> USDA left US corn and soybean supply and demand estimates unchanged but raised its South American soybean production projection. Analysts say coronavirus uncertainty is the main market driver, disrupting global commodity movements, and China has signaled it will need more commodities after US flash sales of soybeans.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/54192-outside-factors-continue-to-dominate-commodity-markets-profitability
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher South American soybean output is bearish for world soy prices, while expected Chinese buying offers offsetting support.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-12 | [USDA forecasts record corn production, jump in exports \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/52965-usda-forecasts-record-corn-production-jump-in-exports-profitability-farmweeknow.md) | -0.9% | +1.3% |
| SOY | 2020-08-21 | [Crop tour finds widespread variability \| Crop Conditions \| farmweeknow.com](https://feedsoft.ai/events/51453-crop-tour-finds-widespread-variability-crop-conditions-farmweeknow-com.md) | +3.8% | +15.6% |
| SOY | 2025-10-30 | [The Commodity Markets Outlook in eight charts](https://feedsoft.ai/events/22717-the-commodity-markets-outlook-in-eight-charts.md) | +3.7% | +4.7% |
| SOY | 2018-10-12 | [Grain markets continue to test our patience — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/62582-grain-markets-continue-to-test-our-patience-this-week-in-the-grain-markets.md) | +0.6% | +1.1% |
| SOY | 2022-07-12 | [Markets continue lower following July WASDE](https://feedsoft.ai/events/40428-markets-continue-lower-following-july-wasde.md) | -8.8% | -1.3% |
| CORN | 2022-02-09 | [WASDE 'caught trade a little off guard' \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/42676-wasde-caught-trade-a-little-off-guard-profitability-farmweeknow-com.md) | +0.5% | +15.2% |
| CORN | 2021-03-02 | [Illinois counties rank among best for crop output nationally \| Profitability \| farmweeknow.com](https://feedsoft.ai/events/47955-illinois-counties-rank-among-best-for-crop-output-nationally-profitability.md) | +6.1% | +5.5% |
| CORN | 2020-08-21 | [Higher cattle inventory numbers could pressure market \| Livestock \| farmweeknow.com](https://feedsoft.ai/events/51747-higher-cattle-inventory-numbers-could-pressure-market-livestock-farmweeknow-com.md) | +3.5% | +11.2% |

## Sources

- farmweeknow.com: https://www.farmweeknow.com/profitability/outside-factors-continue-to-dominate-commodity-markets/article_b9042184-63a7-11ea-8305-5fe08697859b.html

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