# Bearish USDA numbers push corn futures lower - Brownfield Ag News

> Corn and soybean futures fell on October 10 after USDA's new production estimate came in 2% lower on the month, with ending stocks below September but above expectations. Traders were also watching China trade talks, and weekly export numbers were bearish given competition from Argentina, Brazil and Ukraine.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/56502-bearish-usda-numbers-push-corn-futures-lower-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stocks above expectations and competing South American and Black Sea supplies weigh on corn exports and prices. Soybean meal was lower on product spread adjustments, while the China talks remain a key upside risk for soybeans.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: neutral
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/bearish-usda-numbers-push-corn-futures-lower/

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