# USDA/WASDE Data Seen as Market Bearish

> The September USDA Supply/Demand and Crop Production reports showed corn average yield at 169.9 bushels per acre versus a trade estimate of 168, and larger soybean and corn stocks. Dec. corn futures closed 6 cents lower and Nov. soybeans 9.5 cents lower. Analysts called the report bearish.

- Date: 2017-09-12 · published 2017-09-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/68900-usda-wasde-data-seen-as-market-bearish
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Bigger-than-expected crop estimates lower the price outlook for corn and soybean complex, reducing feed costs.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | +0.0% | +9.0% |
| CORN | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | -13.6% | -16.3% |
| CORN | 2017-08-10 | [Crop markets tumble after bearish USDA numbers](https://feedsoft.ai/events/69394-crop-markets-tumble-after-bearish-usda-numbers.md) | -4.5% | -6.5% |
| CORN | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +1.9% | -1.0% |
| CORN | 2021-10-11 | [Turner's Take Ag Marketing \| October WASDE Bearish for Soybeans and Corn](https://feedsoft.ai/events/44488-turner-s-take-ag-marketing-october-wasde-bearish-for-soybeans-and-corn.md) | -1.0% | +5.7% |
| SOY | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | -0.5% | -4.1% |
| SOY | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | -8.8% | -1.3% |
| SOY | 2017-08-10 | [Crop markets tumble after bearish USDA numbers](https://feedsoft.ai/events/69394-crop-markets-tumble-after-bearish-usda-numbers.md) | -4.3% | +0.0% |

## Sources

- agriculture.com: https://www.agriculture.com/news/crops/usdawasde-data-seen-as-market-friendly-for-soybeans

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