# Report confusing, negative numbers not killing soybeans – Ohio Ag Net | Ohio's Country Journal

> The February 8 USDA report cut U.S. corn ending stocks by 125 million bushels to 2.353 billion, mainly on higher exports. Soybean ending stocks rose 60 million bushels to 530 million, a larger increase than many expected, yet soybean prices barely reacted. Traders were focused on weather in the weeks ahead.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/66446-report-confusing-negative-numbers-not-killing-soybeans-ohio-ag-net-ohio-s
- 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

Lower corn stocks support prices, but the soybean stock build is bearish on paper, and the muted response suggests weather will drive near-term direction for feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-12-12 | [Report friendly for corn, neutral to lower for soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/67415-report-friendly-for-corn-neutral-to-lower-for-soybeans-ohio-ag-net-ohio-s.md) | +1.9% | +2.2% |
| CORN | 2017-01-12 | [Mixed results from big January report – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/72938-mixed-results-from-big-january-report-ohio-ag-net-ohio-s-country-journal.md) | +0.1% | +1.9% |
| CORN | 2026-04-11 | [Soybeans up and corn down in planting report - High Plains Journal](https://feedsoft.ai/events/19799-soybeans-up-and-corn-down-in-planting-report-high-plains-journal.md) | +1.7% | +3.2% |
| CORN | 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) | -1.1% | -1.5% |
| CORN | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.9% | +0.3% |
| SOY | 2016-07-18 | [Taking a look at the role of USDA reports in the market  – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/4944-taking-a-look-at-the-role-of-usda-reports-in-the-market-ohio-ag-net-ohio-s.md) | -6.2% | -6.5% |
| SOY | 2023-08-15 | [A look at the August WASDE – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/5616-a-look-at-the-august-wasde-ohio-ag-net-ohio-s-country-journal.md) | -1.5% | -4.3% |
| SOY | 2022-03-01 | [ERS estimates of retaliatory tariffs on U.S. agriculture – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/14950-ers-estimates-of-retaliatory-tariffs-on-u-s-agriculture-ohio-ag-net-ohio-s.md) | +1.8% | +1.2% |

## Sources

- ocj.com: https://ocj.com/2018/02/report-confusing-negative-numbers-not-killing-soybeans/

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