# Crop markets tumble after bearish USDA numbers

> Crop futures moved sharply lower after USDA's larger-than-expected corn and soybean estimates, with corn at 14.2 billion bushels and soybeans at 4.38 billion. USDA's wheat production of 1.74 billion bushels also came in high versus trade estimates.

- Date: 2017-08-10 · published 2017-08-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/69394-crop-markets-tumble-after-bearish-usda-numbers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Bigger U.S. corn, soybean and wheat supplies than traders expected push prices down, lowering feed input costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | +7.2% | +7.0% |
| WHEAT | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -0.1% | -2.9% |
| WHEAT | 2022-06-30 | [Corn, wheat fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news.md) | -8.7% | -16.4% |
| WHEAT | 2022-07-12 | [Grain markets hit hard after slightly bearish USDA report. Tuesday, July 12, 2022 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40432-grain-markets-hit-hard-after-slightly-bearish-usda-report-tuesday-july-12-2022.md) | +7.2% | +7.0% |
| WHEAT | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +8.8% | -0.9% |
| SOY | 2017-06-09 | [Crops dip, recover after USDA’s bearish supply numbers](https://feedsoft.ai/events/70427-crops-dip-recover-after-usda-s-bearish-supply-numbers.md) | -0.3% | +6.2% |
| 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 | 2017-09-12 | [USDA/WASDE Data Seen as Market Bearish](https://feedsoft.ai/events/68900-usda-wasde-data-seen-as-market-bearish.md) | +1.4% | +1.3% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-increases-soybean-crop-estimate-reduces-corn/
- farmprogress.com: https://www.farmprogress.com/marketing/crop-markets-tumble-after-bearish-usda-numbers

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