# February USDA Report “Underwhelming” | Red River Farm Network

> Zaner's Ted Seifried called the February USDA report underwhelming and bearish. USDA left corn stocks unchanged at 1.89 billion bushels, shifted 50 million bushels of corn from exports to ethanol, and cut soybean stocks by 50 million bushels for export.

- Date: 2020-02-11 · published 2020-02-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54561-february-usda-report-underwhelming-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The corn balance sheet was unchanged, so the report offers little support for corn prices and feed costs in the near term.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-12 | [Grain Traders Already Questioning USDA’s WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/47041-grain-traders-already-questioning-usda-s-wasde-report-red-river-farm-network.md) | -7.8% | -3.3% |
| CORN | 2026-10-01 | [A Bearish Surprise \| Red River Farm Network](https://feedsoft.ai/events/17069-a-bearish-surprise-red-river-farm-network.md) | -1.2% | -6.7% |
| CORN | 2021-05-07 | [Grain Market Surprised at Higher Ending Stock Estimates \| Red River Farm Network](https://feedsoft.ai/events/47040-grain-market-surprised-at-higher-ending-stock-estimates-red-river-farm-network.md) | -3.0% | -7.4% |
| CORN | 2023-05-12 | [USDA Releases May 2023 WASDE Report \| American Ag Network](https://feedsoft.ai/events/35889-usda-releases-may-2023-wasde-report-american-ag-network.md) | -8.7% | -8.7% |
| CORN | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | -5.9% | -7.2% |
| SOY | 2019-12-11 | [More Details Expected in January WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/55515-more-details-expected-in-january-wasde-report-red-river-farm-network.md) | +3.1% | +3.6% |
| SOY | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | +3.6% | +1.3% |
| SOY | 2018-12-17 | [NOPA Says Record Soybean Crush for November \| Red River Farm Network](https://feedsoft.ai/events/61651-nopa-says-record-soybean-crush-for-november-red-river-farm-network.md) | -1.7% | -0.8% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/02/11/february-usda-report-underwhelming/

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