# Corn, wheat down following USDA numbers - Brownfield Ag News

> USDA's September report raised production and yield estimates for corn and soybeans, close to pre-report expectations but at record levels. Corn ending stocks rose on the month, and the agency cut its soybean import estimate for China because of trade tensions. Wheat stocks were unchanged for the US, while world supplies rose.

- Date: 2018-09-12 · published 2018-09-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/62984-corn-wheat-down-following-usda-numbers-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher corn stocks and a wheat complex with a neutral-to-bearish balance sheet weigh on prices, while the lower Chinese import estimate supports soybean meal and oil spreads.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | +1.0% | -16.7% |
| CORN | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +0.4% | +0.2% |
| CORN | 2017-07-12 | [USDA numbers push corn, wheat sharply lower - Brownfield Ag News](https://feedsoft.ai/events/6474-usda-numbers-push-corn-wheat-sharply-lower-brownfield-ag-news.md) | -4.1% | -5.2% |
| CORN | 2021-09-30 | [Soybeans down, corn mixed after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/45109-soybeans-down-corn-mixed-after-usda-numbers-brownfield-ag-news.md) | +0.3% | +2.8% |
| CORN | 2019-05-10 | [Wheat down on higher USDA crop projection - Brownfield Ag News](https://feedsoft.ai/events/5742-wheat-down-on-higher-usda-crop-projection-brownfield-ag-news.md) | +5.8% | +12.3% |
| WHEAT | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | -8.7% | -16.4% |
| WHEAT | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +8.8% | -0.9% |
| WHEAT | 2025-02-10 | [Corn up, wheat down ahead of WASDE numbers - Brownfield Ag News](https://feedsoft.ai/events/11102-corn-up-wheat-down-ahead-of-wasde-numbers-brownfield-ag-news.md) | -0.2% | -3.8% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-wheat-down-following-usda-numbers/

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