# Futures lower on mixed USDA news

> Grain futures were mixed after USDA raised its old-crop corn and wheat stocks forecasts more than expected, while trimming soybean carryout by 10 million bushels. USDA cut its corn export forecast by 75 million bushels due to South American competition and lowered ethanol usage by 25 million bushels.

- Date: 2019-03-08 · published 2019-03-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60035-futures-lower-on-mixed-usda-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The larger corn carryout and lower export and ethanol demand weigh on corn values, and the average price forecast was trimmed. Soybean carryout was reduced, which provides only limited support.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-04-09 | [Futures mixed after mixed USDA reports](https://feedsoft.ai/events/59544-futures-mixed-after-mixed-usda-reports.md) | +1.8% | -0.5% |
| CORN | 2018-09-28 | [Futures mixed on larger stocks](https://feedsoft.ai/events/62994-futures-mixed-on-larger-stocks.md) | -0.4% | -1.8% |
| CORN | 2022-03-29 | [Hog futures lower ahead of Quarterly Hogs and Pigs report from the USDA - Brownfield Ag News](https://feedsoft.ai/events/7630-hog-futures-lower-ahead-of-quarterly-hogs-and-pigs-report-from-the-usda.md) | +2.7% | +4.0% |
| CORN | 2019-07-11 | [USDA reports offer mixed view](https://feedsoft.ai/events/58044-usda-reports-offer-mixed-view.md) | +0.2% | -5.9% |
| CORN | 2021-05-12 | [Markets mixed on new crop estimates](https://feedsoft.ai/events/47043-markets-mixed-on-new-crop-estimates.md) | -7.8% | -3.3% |
| WHEAT | 2019-04-09 | [Futures mixed after mixed USDA reports](https://feedsoft.ai/events/59544-futures-mixed-after-mixed-usda-reports.md) | -0.5% | -10.8% |
| WHEAT | 2018-09-28 | [Futures mixed on larger stocks](https://feedsoft.ai/events/62994-futures-mixed-on-larger-stocks.md) | +2.6% | +7.8% |
| WHEAT | 2022-01-12 | [Markets mixed on USDA data](https://feedsoft.ai/events/43102-markets-mixed-on-usda-data.md) | +3.9% | +2.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/futures-lower-on-mixed-usda-news

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