# Reaction to Much-Anticipated Reports Not Quite What Expected

> USDA's February WASDE and Crop Production Annual Summary showed December 1 corn stocks of 11.952 billion bushels, below last year and the pre-report estimate. USDA cut 2018 corn yield by 2.5 bushels per acre to 176.4, and winter wheat seedings fell to the lowest level since 1909. Grain futures reacted only slightly, with March corn down about 2 cents.

- Date: 2019-02-08 · published 2019-02-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/60551-reaction-to-much-anticipated-reports-not-quite-what-expected
- 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

Lower corn stocks and yield tighten the old-crop balance sheet, but the muted price reaction shows the market had largely priced in the numbers. Feed buyers should expect limited near-term price pressure from these reports.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-02-11 | [Reaction to Much-Anticipated Reports Not Quite What Expected - ProAg](https://feedsoft.ai/events/60554-reaction-to-much-anticipated-reports-not-quite-what-expected-proag.md) | +1.2% | -2.0% |
| CORN | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | -1.6% | -13.3% |
| CORN | 2019-01-01 | [Market Reaction to USDA’s August Corn Crop Reports](https://feedsoft.ai/events/60954-market-reaction-to-usda-s-august-corn-crop-reports.md) | +1.4% | +1.8% |
| CORN | 2017-03-30 | [What to expect from the next USDA Prospective Plantings Report? - farmdoc daily](https://feedsoft.ai/events/72024-what-to-expect-from-the-next-usda-prospective-plantings-report-farmdoc-daily.md) | +0.9% | +0.8% |
| CORN | 2022-05-12 | [Corn, Soybean Production Numbers as Expected in May USDA Report](https://feedsoft.ai/events/41348-corn-soybean-production-numbers-as-expected-in-may-usda-report.md) | -0.3% | -0.9% |
| SOY | 2019-02-11 | [Reaction to Much-Anticipated Reports Not Quite What Expected - ProAg](https://feedsoft.ai/events/60554-reaction-to-much-anticipated-reports-not-quite-what-expected-proag.md) | -0.8% | -4.0% |
| SOY | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +3.7% | +1.7% |
| SOY | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.7% | +5.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/02/08/reaction-much-anticipated-reports

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