# U.S. March Soybean Stocks Hit Record High, USDA Data Drops Markets

> USDA's March Grain Stocks report put U.S. soybean stocks on March 1 at a record 2.72 billion bushels, above the 2.683 billion trade estimate. Corn stocks came in at 8.60 billion bushels, also above expectations, and May corn and soybean futures closed sharply lower.

- Date: 2019-03-29 · published 2019-03-29T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/60042-u-s-march-soybean-stocks-hit-record-high-usda-data-drops-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record soybean stocks and larger-than-expected corn supplies signal ample feed grain supply and weaker demand, which pressures futures and farm prices. Trade expectations were exceeded on both crops, adding to the bearish impact.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-08-13 | [USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets](https://feedsoft.ai/events/10464-usda-forecasts-record-us-soybean-production-and-higher-stocks-above-market.md) | -5.5% | -3.4% |
| SOY | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.9% | +11.6% |
| SOY | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | -3.1% | -4.1% |
| SOY | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -7.6% | -3.9% |
| SOY | 2016-11-09 | [Corn, soybean markets drop after USDA hikes production](https://feedsoft.ai/events/73821-corn-soybean-markets-drop-after-usda-hikes-production.md) | -1.6% | +2.5% |
| CORN | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.8% | +8.3% |
| CORN | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -8.7% | -8.7% |
| CORN | 2025-09-30 | [Grain markets react to unexpected USDA stocks data](https://feedsoft.ai/events/9840-grain-markets-react-to-unexpected-usda-stocks-data.md) | +0.8% | +1.0% |

## Sources

- agriculture.com: https://www.agriculture.com/us-soybean-stocks-hit-record-high-usda-data-drops-markets

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