# Less exports should shift more beans to storage – KORN News Radio

> Farmers Business Network economist Kevin McNew said USDA's numbers for corn and soybeans came in about a bushel below trade expectations. Soybean exports were slashed significantly in USDA's projections, and corn exports also fell, and he advised farmers to store soybeans while the trade war continues.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/61987-less-exports-should-shift-more-beans-to-storage-korn-news-radio
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower export projections amid the trade war add to soybean carryover, which pressures cash soybean and meal prices and may encourage farmer storage.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-12-19 | [Soybean exports could come to screeching halt - Brownfield Ag News](https://feedsoft.ai/events/73503-soybean-exports-could-come-to-screeching-halt-brownfield-ag-news.md) | -4.6% | +3.7% |
| SOY | 2019-03-14 | [Europe Buys More U.S. Soybeans as Exports to China Plunge - Caixin Global](https://feedsoft.ai/events/8268-europe-buys-more-u-s-soybeans-as-exports-to-china-plunge-caixin-global.md) | +1.9% | +1.5% |
| SOY | 2018-02-14 | [Corn export projection better, soybeans worse - Brownfield Ag News](https://feedsoft.ai/events/66523-corn-export-projection-better-soybeans-worse-brownfield-ag-news.md) | +2.2% | +1.7% |
| SOY | 2023-10-05 | [Export sales support corn - Brownfield Ag News](https://feedsoft.ai/events/33729-export-sales-support-corn-brownfield-ag-news.md) | -1.6% | +1.4% |
| SOY | 2020-03-03 | [Brazil's soybeans sales to China and soy-meal exports to the EU remain very strong — MercoPress](https://feedsoft.ai/events/54191-brazil-s-soybeans-sales-to-china-and-soy-meal-exports-to-the-eu-remain-very.md) | -3.0% | -0.9% |
| CORN | 2020-04-28 | [US corn surplus could pose a challenge to Aus barley exports \| The Land \| NSW](https://feedsoft.ai/events/53716-us-corn-surplus-could-pose-a-challenge-to-aus-barley-exports-the-land-nsw.md) | +1.5% | +1.6% |
| CORN | 2021-08-24 | [More than 6 million tons of Ukrainian grain have already been exported \| Ukrainian and World Shipping News - Ukrainian Shipping Magazine - Ukrainian and World Shipping News](https://feedsoft.ai/events/45402-more-than-6-million-tons-of-ukrainian-grain-have-already-been-exported.md) | -0.4% | -10.1% |
| CORN | 2017-02-19 | [U.S. Corn Exports to Mexico: Will Policy Rhetoric Turn into Concrete Action? - Farm Policy News](https://feedsoft.ai/events/72530-u-s-corn-exports-to-mexico-will-policy-rhetoric-turn-into-concrete-action-farm.md) | +0.3% | +0.9% |

## Sources

- kornradio.com: https://kornradio.com/ag-news/less-exports-should-shift-more-beans-to-storage/

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