# Soybeans rally on USDA report, exports

> Soybean futures rallied around the April 10 USDA report after new export sales of 10.25 million bushels of old crop to Argentina and 9.3 million of new crop to China and unknown destinations. USDA cut 2017/18 soybean ending stocks by 5 million bushels, surprising the trade, and wheat prices stayed lower.

- Date: 2018-04-10 · published 2018-04-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports
- 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

Fresh export demand and tighter world soybean carryout support soybean prices and the crush-driven meal supply outlook. Corn was flat, and wheat remained under pressure from ample stocks.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +2.7% | +5.8% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2017-09-29 | [Soybeans edge higher on reports \| Feedstuffs](https://feedsoft.ai/events/68897-soybeans-edge-higher-on-reports-feedstuffs.md) | +0.9% | +1.2% |
| SOY | 2022-09-12 | [Soybeans and Meal Explode on Bullish Numbers From Sept. 12 USDA Reports](https://feedsoft.ai/events/39550-soybeans-and-meal-explode-on-bullish-numbers-from-sept-12-usda-reports.md) | -2.7% | -8.2% |
| SOY | 2017-01-13 | [U.S. grains: Soybeans extend rally - Grainews](https://feedsoft.ai/events/11026-u-s-grains-soybeans-extend-rally-grainews.md) | +3.4% | +2.6% |
| CORN | 2018-10-11 | [USDA Reports Summary](https://feedsoft.ai/events/62479-usda-reports-summary.md) | +4.1% | +4.1% |
| CORN | 2021-05-12 | [USDA Reports Summary](https://feedsoft.ai/events/47039-usda-reports-summary.md) | -7.8% | -3.3% |
| CORN | 2017-08-03 | [USDA exports – Corn, soybean sales have down week](https://feedsoft.ai/events/12264-usda-exports-corn-soybean-sales-have-down-week.md) | +1.4% | -8.7% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/grain-market-news/soybeans-rally-on-usda-report-exports

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