# USDA Reports Summary - ProAg

> USDA's March WASDE raised 2018/19 U.S. corn ending stocks by 100 million bushels to 1.835 billion, cut export and ethanol demand estimates, and left soybean exports unchanged. Soybean ending stocks fell 10 million bushels to 900 million, and wheat carryout rose 45 million bushels.

- Date: 2019-03-08 · published 2019-03-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60034-usda-reports-summary-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher corn carryout signals weaker demand and adds bearish pressure on corn prices, while the smaller soybean stocks figure is supportive for beans. Trade had expected a smaller corn stocks increase, so the surprise leans bearish for feed grain costs.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-09 | [USDA Reports Summary](https://feedsoft.ai/events/57549-usda-reports-summary.md) | -7.7% | -8.0% |
| CORN | 2022-12-09 | [USDA Reports Summary](https://feedsoft.ai/events/38188-usda-reports-summary.md) | +1.9% | +2.9% |
| CORN | 2019-08-14 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/57550-usda-reports-review-proag.md) | -1.2% | -4.0% |
| CORN | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | +2.6% | +2.3% |
| CORN | 2018-12-14 | [USDA reports provide few surprises](https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises.md) | +0.5% | +0.1% |
| SOY | 2019-08-09 | [USDA Reports Summary](https://feedsoft.ai/events/57549-usda-reports-summary.md) | -0.8% | -2.3% |
| SOY | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | -3.4% | -10.4% |
| SOY | 2021-05-12 | [USDA Reports Summary](https://feedsoft.ai/events/47039-usda-reports-summary.md) | -3.9% | -4.6% |

## Sources

- proag.com: https://www.proag.com/news/usda-reports-summary/

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