# CBOT weekly outlook: USDA report delivers no surprises - AgCanada

> Traders at the CBOT reported that the February USDA report contained no surprises, leaving March corn and soybean contracts little changed. The USDA kept Brazil's corn crop at 95 million tonnes and cut Argentina's to 39 million, while raising Brazil's soybean crop to 112 million tonnes and lowering Argentina's to 54 million.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/66452-cbot-weekly-outlook-usda-report-delivers-no-surprises-agcanada
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Offsetting changes in Brazilian and Argentine soybean estimates left net supply largely unchanged, and the lower Argentine corn crop was already priced in. Weather in South America remains the main driver for feed prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-10 | [CBOT weekly outlook: Some surprises in USDA's WASDE - AgCanada](https://feedsoft.ai/events/49579-cbot-weekly-outlook-some-surprises-in-usda-s-wasde-agcanada.md) | +0.9% | +9.3% |
| CORN | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +1.0% | +5.3% |
| CORN | 2021-12-10 | [USDA's December Crop Reports Produced No Real Surprises; Here's Why - AgWeb](https://feedsoft.ai/events/43522-usda-s-december-crop-reports-produced-no-real-surprises-here-s-why-agweb.md) | -0.3% | -0.8% |
| CORN | 2020-02-20 | [Focus on Ag: February WASDE report offers very few surprises](https://feedsoft.ai/events/54559-focus-on-ag-february-wasde-report-offers-very-few-surprises.md) | -2.4% | -7.1% |
| CORN | 2023-12-08 | [No Surprises in Stocks Report \| Red River Farm Network](https://feedsoft.ai/events/32637-no-surprises-in-stocks-report-red-river-farm-network.md) | -2.7% | -0.3% |
| SOY | 2018-03-08 | [CBOT weekly outlook: USDA report sways soy, corn - Manitoba Co-operator](https://feedsoft.ai/events/10891-cbot-weekly-outlook-usda-report-sways-soy-corn-manitoba-co-operator.md) | -2.5% | -2.3% |
| SOY | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +0.7% | +3.8% |
| SOY | 2021-12-10 | [USDA's December Crop Reports Produced No Real Surprises; Here's Why - AgWeb](https://feedsoft.ai/events/43522-usda-s-december-crop-reports-produced-no-real-surprises-here-s-why-agweb.md) | +1.0% | +10.8% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/cbot-weekly-outlook-usda-report-delivers-no-surprises

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