# U.S.D.A. lowers 2018 wheat, soybean carryover from October | Food Business News | November 10, 2017 13:57

> The USDA's November 9 WASDE lowered the 2018 U.S. all-wheat carryover by 25 million bushels to 935 million, on higher exports driven by recent Iraq sales. The 2018 soybean carryover was also trimmed on lower production, while the corn carryover was raised.

- Date: 2017-11-10 · published 2017-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67928-u-s-d-a-lowers-2018-wheat-soybean-carryover-from-october-food-business-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tighter projected wheat and soybean carryover supports prices, while the larger corn carryover adds bearish pressure on corn.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | -1.0% | +2.7% |
| WHEAT | 2021-08-13 | [All-wheat production forecast down 3% from July estimate \| 2021-08-13  \| Food Business News](https://feedsoft.ai/events/45612-all-wheat-production-forecast-down-3-from-july-estimate-2021-08-13-food.md) | +1.6% | +3.2% |
| WHEAT | 2022-09-30 | [Wheat, corn rise, soybeans fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/39611-wheat-corn-rise-soybeans-fall-after-usda-numbers-brownfield-ag-news.md) | +0.4% | -10.7% |
| WHEAT | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +2.3% | -3.8% |
| WHEAT | 2019-11-12 | [WASDE Lowers Wheat, Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/56021-wasde-lowers-wheat-corn-and-soybean-forecasts-agwired.md) | +3.4% | +0.5% |
| SOY | 2018-04-10 | [U.S. soybean carryover down from March, wheat and corn up \| 2018-04-10  \| Food Business News](https://feedsoft.ai/events/65482-u-s-soybean-carryover-down-from-march-wheat-and-corn-up-2018-04-10-food.md) | -0.5% | -4.3% |
| SOY | 2018-05-10 | [USDA predicts lower carryover for corn, wheat and soybeans \| World-grain.com \| May 10, 2018 19:23 \| World Grain](https://feedsoft.ai/events/64970-usda-predicts-lower-carryover-for-corn-wheat-and-soybeans-world-grain-com-may.md) | -0.7% | -3.3% |
| SOY | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | +0.3% | +5.6% |

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/10874-u-s-d-a-lowers-2018-wheat-soybean-carryover-from-october

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