# Farming News - Markets continuing to adjust their position after USDA report contains some surprises

> USDA's September report lowered Canadian and Australian wheat estimates, but larger Russian and Indian crops raised world wheat stocks by 2.33 million tonnes to 261.29 million. The US corn yield increase added about 7.95 million tonnes to global corn output. Markets fell, and US soybean output was also raised.

- Date: 2018-09-14 · published 2018-09-14T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62990-farming-news-markets-continuing-to-adjust-their-position-after-usda-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher world wheat and corn supplies outweigh supply cuts in exporters, keeping prices under pressure until trade tensions produce a bullish surprise.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -0.4% | -3.9% |
| WHEAT | 2022-07-12 | [USDA Reports Cause Grain, Soybean Markets to Continue to Plunge](https://feedsoft.ai/events/4307-usda-reports-cause-grain-soybean-markets-to-continue-to-plunge.md) | +7.2% | +7.0% |
| WHEAT | 2025-03-11 | [USDA Report Reaction \| Markets have muted response to USDA's March WASDE Report - Pro Farmer](https://feedsoft.ai/events/25513-usda-report-reaction-markets-have-muted-response-to-usda-s-march-wasde-report.md) | +5.7% | +1.9% |
| WHEAT | 2017-12-17 | [Reports confirm large supplies - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/8429-reports-confirm-large-supplies-agweek-1-source-for-agriculture-news-farming.md) | +0.3% | +0.8% |
| WHEAT | 2017-07-16 | [Supply report hurts markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/69893-supply-report-hurts-markets-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.0% | -1.4% |
| CORN | 2024-10-11 | [No big surprises in USDA report, markets trading weather - Brownfield Ag News](https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news.md) | -1.8% | +0.9% |
| CORN | 2026-01-16 | [USDA Responds to Farmer Frustration After January Report Delivers Major Surprises - Pro Farmer](https://feedsoft.ai/events/13026-usda-responds-to-farmer-frustration-after-january-report-delivers-major.md) | +0.7% | +2.2% |
| CORN | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -1.9% | -5.7% |

## Sources

- farming.co.uk: https://farming.co.uk/news/markets-continuing-to-adjust-their-position-after-usda-report-contains-some-surprises

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