# The bears are back in town… - Grain Central

> The August WASDE came in above expectations, with US corn, soybean and wheat futures falling about 4% after the release. Russian wheat production was raised 5.5Mt to 77.5Mt, Ukraine was raised 2.5Mt and Kazakhstan 1Mt, and funds added to the selling.

- Date: 2017-08-15 · published 2017-08-15T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/69417-the-bears-are-back-in-town-grain-central
- 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

Higher US and Black Sea supply estimates add to global feed and grain stocks, which pressures prices across corn, soybeans and wheat. The selling by funds adds to the downward move.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-28 | [Sell the rumour, buy the fact - Grain Central](https://feedsoft.ai/events/63611-sell-the-rumour-buy-the-fact-grain-central.md) | +0.8% | +2.6% |
| CORN | 2017-04-18 | [The low price cycle pedals on - Grain Central](https://feedsoft.ai/events/71474-the-low-price-cycle-pedals-on-grain-central.md) | -0.6% | +1.5% |
| CORN | 2018-08-02 | [Ukraine grain juggernaut continues to rise in the East - Grain Central](https://feedsoft.ai/events/63392-ukraine-grain-juggernaut-continues-to-rise-in-the-east-grain-central.md) | +9.3% | -3.4% |
| CORN | 2021-02-16 | [The USDA tried, but it still missed the mark on China - Grain Central](https://feedsoft.ai/events/48593-the-usda-tried-but-it-still-missed-the-mark-on-china-grain-central.md) | +1.5% | -3.8% |
| CORN | 2021-02-10 | [WASDE bearish for corn, mildly bullish for wheat - Grain Central](https://feedsoft.ai/events/48592-wasde-bearish-for-corn-mildly-bullish-for-wheat-grain-central.md) | -3.0% | +2.1% |
| SOY | 2018-08-28 | [Sell the rumour, buy the fact - Grain Central](https://feedsoft.ai/events/63611-sell-the-rumour-buy-the-fact-grain-central.md) | -0.3% | +1.3% |
| SOY | 2017-04-18 | [The low price cycle pedals on - Grain Central](https://feedsoft.ai/events/71474-the-low-price-cycle-pedals-on-grain-central.md) | +0.8% | +1.3% |
| SOY | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +2.5% | +10.6% |

## Sources

- graincentral.com: https://www.graincentral.com/news/the-bears-are-back-in-town/

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