# USDA Reports Flash

> USDA's April WASDE projected a record Brazilian soybean crop of 115 million metric tons and cut Argentine corn output from 36 to 33 million tons on drought. Argentine soybean production was pegged at 40 million tons, below analyst expectations, while U.S. soybean ending stocks were trimmed 5 million bushels to 550 million.

- Date: 2018-04-10 · published 2018-04-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/65481-usda-reports-flash
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower South American corn and soybean supplies tighten world balances, supporting corn and soybean prices, though Brazil's record soybean crop caps the upside. Wheat faces bearish pressure from the stocks outlook.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +0.9% | +1.2% |
| SOY | 2018-06-12 | [USDA Reports Flash](https://feedsoft.ai/events/64479-usda-reports-flash.md) | -4.7% | -10.6% |
| SOY | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +1.1% | -3.6% |
| SOY | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | -0.3% | +4.9% |
| SOY | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.4% | +6.6% |
| CORN | 2017-02-09 | [USDA Reports Flash](https://feedsoft.ai/events/72446-usda-reports-flash.md) | +1.2% | -0.8% |
| CORN | 2018-06-12 | [USDA Reports Flash](https://feedsoft.ai/events/64479-usda-reports-flash.md) | -2.1% | -4.6% |
| CORN | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.5% | +5.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/04/10/brazil-soybeans-reach-record-sa-corn

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