# Trade turns to weather as potential market mover | 2019-03-08 | Agri-Pulse | Agri-Pulse Communications, Inc.

> Agri-Pulse's coverage of the March WASDE said corn ending stocks rose 100 million bushels to 1.8 billion, with corn exports down 75 million bushels to 2.3 billion. Soybean ending stocks dropped 10 million bushels to 900 million, and traders shifted attention to weather and U.S.-China trade talks.

- Date: 2019-03-08 · published 2019-03-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/60044-trade-turns-to-weather-as-potential-market-mover-2019-03-08-agri-pulse-agri
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher corn carryout and lower export demand are bearish for corn, and the average corn price forecast was cut. Soybean supply tightened slightly, but ongoing trade uncertainty with China limits any rally.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-28 | [Ag trade deficit to grow in FY25, as Chinese market shrinks  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14730-ag-trade-deficit-to-grow-in-fy25-as-chinese-market-shrinks-agri-pulse.md) | +4.4% | +6.8% |
| CORN | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +5.8% | +12.3% |
| CORN | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -1.8% | +0.1% |
| CORN | 2020-03-11 | [‘Benign’ WASDE makes minimal changes in numbers \| 2020-03-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54093-benign-wasde-makes-minimal-changes-in-numbers-2020-03-10-agri-pulse.md) | -6.0% | -3.6% |
| CORN | 2019-08-12 | [USDA trims corn, soybean acres off June estimates \| 2019-08-12 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/11741-usda-trims-corn-soybean-acres-off-june-estimates-2019-08-12-agri-pulse-agri.md) | -6.0% | -8.6% |
| SOY | 2019-08-30 | [Trade mitigation payments boost farm income \| 2019-08-30  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57599-trade-mitigation-payments-boost-farm-income-2019-08-30-agri-pulse.md) | -1.3% | +3.1% |
| SOY | 2020-01-10 | [Markets breathe easy with neutral WASDE report \| 2020-01-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55019-markets-breathe-easy-with-neutral-wasde-report-2020-01-10-agri-pulse.md) | -1.0% | -5.5% |
| SOY | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +4.9% | +7.0% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/11981-trade-turns-to-weather-as-potential-market-mover

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