# Soybeans edge higher on reports | Feedstuffs

> USDA lowered Sept. 1 stocks estimates, with the 2016 soybean crop cut 11 million bushels to 4.296 billion and corn ending stocks at 2.295 billion bushels, smaller than expected. Soybean and corn futures rose midday on the report. Wheat stocks came in above trade guesses.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/68897-soybeans-edge-higher-on-reports-feedstuffs
- 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

Smaller implied old-crop stocks point to higher summer feed usage, which tightens feed grain supplies and supports prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-10-12 | [Soybeans jump higher on bullish WASDE data](https://feedsoft.ai/events/33589-soybeans-jump-higher-on-bullish-wasde-data.md) | -0.4% | -1.5% |
| CORN | 2021-05-12 | [Soybeans Surge Near 9-Year High \| Feed & Grain](https://feedsoft.ai/events/11984-soybeans-surge-near-9-year-high-feed-and-grain.md) | -7.8% | -3.3% |
| CORN | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +4.1% | +4.1% |
| CORN | 2026-10-01 | [USDA Cuts Corn Yield to 178.5 Bu., Nudges Soybeans Slightly Higher in September Report](https://feedsoft.ai/events/17496-usda-cuts-corn-yield-to-178-5-bu-nudges-soybeans-slightly-higher-in-september.md) | -1.2% | -6.7% |
| 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% |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SOY | 2017-10-12 | [Soybeans surge on bullish WASDE updates \| Feedstuffs](https://feedsoft.ai/events/68417-soybeans-surge-on-bullish-wasde-updates-feedstuffs.md) | +2.0% | +2.4% |
| SOY | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -3.3% | -9.4% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/soybeans-edge-higher-on-reports

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