# Is USDA report rally over?

> Soybean futures lost about a quarter of the gains from the October USDA report within a week, while crude oil and equities fell. Analysts said traders were waiting for more information on the size of this year's crop.

- Date: 2017-10-19 · published 2017-10-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68420-is-usda-report-rally-over
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Soybeans are giving back part of the USDA-driven rally, so soybean meal costs may ease unless production data confirms the smaller crop. Weaker crude oil also reduces biofuel-linked support for vegetable oils.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/is-usda-report-rally-over-

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