# Traders shrug off favorable WASDE soybean data

> March soybean futures rose 3 to 4 cents right after the February WASDE, then turned lower. USDA raised soybean exports by 50 million bushels on expected China trade, and corn prices slipped after USDA cut corn exports.

- Date: 2020-02-11 · published 2020-02-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54560-traders-shrug-off-favorable-wasde-soybean-data
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher export expectations support soybeans, but the Brazilian crop increase and corn's lower export outlook limit price gains for soybean meal and corn.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-07-13 | [July WASDE report has few surprises for soybeans](https://feedsoft.ai/events/52162-july-wasde-report-has-few-surprises-for-soybeans.md) | +0.7% | -2.4% |
| SOY | 2025-06-30 | [CBOT soy ends mixed as traders mull bearish US stocks, bullish acreage data](https://feedsoft.ai/events/24306-cbot-soy-ends-mixed-as-traders-mull-bearish-us-stocks-bullish-acreage-data.md) | +0.4% | -3.8% |
| SOY | 2019-07-01 | [ERS Report: “Interdependence of China, United States, and Brazil in Soybean Trade”](https://feedsoft.ai/events/58484-ers-report-interdependence-of-china-united-states-and-brazil-in-soybean-trade.md) | -2.7% | -1.6% |
| SOY | 2025-01-13 | [Can US, China improve soybean trade, or will Beijing hit US farmers over Trump’s tariffs? \| South China Morning Post](https://feedsoft.ai/events/14694-can-us-china-improve-soybean-trade-or-will-beijing-hit-us-farmers-over-trump-s.md) | +2.0% | +3.6% |
| SOY | 2025-08-15 | [Global soybean meal trade to set record for third straight year](https://feedsoft.ai/events/23403-global-soybean-meal-trade-to-set-record-for-third-straight-year.md) | +2.6% | +1.7% |
| CORN | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | +0.0% | +9.0% |
| CORN | 2023-08-12 | [U.S. grains: Soybean, grains futures drop as traders shed risk - AgCanada](https://feedsoft.ai/events/5618-u-s-grains-soybean-grains-futures-drop-as-traders-shed-risk-agcanada.md) | +0.3% | -1.6% |
| CORN | 2024-02-08 | [February WASDE: U.S. supplies higher than traders expected](https://feedsoft.ai/events/31628-february-wasde-u-s-supplies-higher-than-traders-expected.md) | -1.4% | +1.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/traders-shrug-off-favorable-wasde-soybean-data

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