# February WASDE Provides Little New Input

> The USDA February WASDE left most corn numbers unchanged and raised Brazil's soybean crop to a record 125 million metric tons. U.S. soybean ending stocks fell 50 million bushels on higher exports, and U.S. wheat stocks dropped 25 million bushels.

- Date: 2020-02-11 · published 2020-02-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/54557-february-wasde-provides-little-new-input
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A larger Brazilian crop adds export competition for U.S. soybeans, while the lower U.S. soybean stocks offset some of that pressure. The net price effect for animal-feed inputs was small.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-02-15 | [February WASDE report: price implications](https://feedsoft.ai/events/60644-february-wasde-report-price-implications.md) | -1.7% | -4.0% |
| WHEAT | 2024-02-08 | [February 2024 WASDE Report Summary and Notes - CIH](https://feedsoft.ai/events/31632-february-2024-wasde-report-summary-and-notes-cih.md) | -4.2% | -1.8% |
| WHEAT | 2020-03-10 | [March WASDE Held Few Surprises With Little Reaction](https://feedsoft.ai/events/54095-march-wasde-held-few-surprises-with-little-reaction.md) | -4.8% | -5.7% |
| WHEAT | 2023-02-08 | [Key data in USDA's February 8 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/37260-key-data-in-usda-s-february-8-wasde-report-and-difference-from-market.md) | -1.9% | -8.1% |
| WHEAT | 2024-02-08 | [February WASDE Shows Slightly Bearish Demand Changes for US, Only Minor Revisions in Brazil Crops](https://feedsoft.ai/events/31631-february-wasde-shows-slightly-bearish-demand-changes-for-us-only-minor.md) | -4.2% | -1.8% |
| CORN | 2024-02-06 | [February WASDE Will Check in on South America](https://feedsoft.ai/events/7201-february-wasde-will-check-in-on-south-america.md) | -1.7% | +0.3% |
| CORN | 2024-02-08 | [February 2024 WASDE Report Summary and Notes - CIH](https://feedsoft.ai/events/31632-february-2024-wasde-report-summary-and-notes-cih.md) | -1.4% | +1.6% |
| CORN | 2020-03-10 | [March WASDE Held Few Surprises With Little Reaction](https://feedsoft.ai/events/54095-march-wasde-held-few-surprises-with-little-reaction.md) | -3.4% | -3.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/02/11/february-wasde-provides-little-new
- proag.com: https://www.proag.com/news/february-wasde-provides-little-new-input/

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