# USDA Raises Corn Demand for Exports and Ethanol

> USDA's March WASDE raised 2017-18 U.S. corn use for exports and ethanol, cutting new-crop ending stocks by 225 million bushels to 2.127 billion. USDA also lowered Argentina's corn crop to 36 million tonnes on February drought and trimmed U.S. soybean exports on a larger Brazilian crop.

- Date: 2018-03-08 · published 2018-03-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/65955-usda-raises-corn-demand-for-exports-and-ethanol
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter U.S. corn stocks support corn prices, while lower soybean export demand weighs on soybeans and wheat, according to analysts quoted in the article.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -1.5% | -5.9% |
| CORN | 2021-06-10 | [Corn jumps after USDA projects high export, ethanol demand - The Globe and Mail](https://feedsoft.ai/events/46508-corn-jumps-after-usda-projects-high-export-ethanol-demand-the-globe-and-mail.md) | -1.8% | -2.6% |
| CORN | 2022-02-24 | [USDA cuts corn, raises soy and wheat acreage for 2022](https://feedsoft.ai/events/13389-usda-cuts-corn-raises-soy-and-wheat-acreage-for-2022.md) | +6.5% | +12.3% |
| CORN | 2017-10-18 | [Report Finds Opportunities for Ethanol and DDG Exports \| Energy.AgWired.com](https://feedsoft.ai/events/68449-report-finds-opportunities-for-ethanol-and-ddg-exports-energy-agwired-com.md) | +0.4% | -5.9% |
| CORN | 2024-10-17 | [USDA forecasts rise in corn and sorghum exports amid global shortages \| Feed & Grain](https://feedsoft.ai/events/27919-usda-forecasts-rise-in-corn-and-sorghum-exports-amid-global-shortages-feed-and.md) | +2.1% | +2.9% |
| SOY | 2022-02-24 | [USDA cuts corn, raises soy and wheat acreage for 2022](https://feedsoft.ai/events/13389-usda-cuts-corn-raises-soy-and-wheat-acreage-for-2022.md) | +0.1% | +2.6% |
| SOY | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +1.5% | +7.7% |
| SOY | 2021-11-24 | [USDA cuts U.S. ag export forecast amid weaker soybean demand](https://feedsoft.ai/events/14976-usda-cuts-u-s-ag-export-forecast-amid-weaker-soybean-demand.md) | -3.5% | +4.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/03/08/usda-raises-corn-demand-exports

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