# U.S. grains: Wheat falls; corn, soy firm - Grainews

> Wheat fell as USDA projected a bigger-than-expected northern Plains spring wheat crop, sending MGEX spring wheat down 4.2 percent. Corn and soybeans edged higher after USDA raised its corn yield forecast to 169.5 bu/ac, below its prior 170.7 but well above trade estimates of 166.2.

- Date: 2017-08-11 · published 2017-08-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/69495-u-s-grains-wheat-falls-corn-soy-firm-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Bigger US spring wheat supplies and USDA's yield estimates point to ample feed grain supply, which pressures wheat and corn prices lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-12-12 | [U.S. soybean, wheat ending stocks seen up as exports fall - Grainews](https://feedsoft.ai/events/67417-u-s-soybean-wheat-ending-stocks-seen-up-as-exports-fall-grainews.md) | +1.4% | +2.5% |
| WHEAT | 2022-11-09 | [GRAINS-Wheat Drops as USDA Raises Global Supply View; Corn, Soybeans Firm](https://feedsoft.ai/events/38644-grains-wheat-drops-as-usda-raises-global-supply-view-corn-soybeans-firm.md) | +1.1% | -9.0% |
| WHEAT | 2019-02-01 | [U.S. grains: Corn, soy end lower on technical selling - Grainews](https://feedsoft.ai/events/60632-u-s-grains-corn-soy-end-lower-on-technical-selling-grainews.md) | -1.2% | -6.2% |
| WHEAT | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -2.2% | -2.1% |
| WHEAT | 2021-07-06 | [Chinese corn, wheat imports slip  \| World Grain](https://feedsoft.ai/events/45928-chinese-corn-wheat-imports-slip-world-grain.md) | -3.3% | -0.5% |
| CORN | 2019-02-01 | [U.S. grains: Corn, soy end lower on technical selling - Grainews](https://feedsoft.ai/events/60632-u-s-grains-corn-soy-end-lower-on-technical-selling-grainews.md) | -0.3% | -0.8% |
| CORN | 2017-07-12 | [Corn, winter wheat drag grains lower, as US supply](https://feedsoft.ai/events/69892-corn-winter-wheat-drag-grains-lower-as-us-supply.md) | -4.1% | -5.2% |
| CORN | 2021-03-09 | [U.S. grains: Wheat and soy climb, corn sags after USDA data - Manitoba Co-operator](https://feedsoft.ai/events/48067-u-s-grains-wheat-and-soy-climb-corn-sags-after-usda-data-manitoba-co-operator.md) | -10.3% | -1.3% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-wheat-falls-corn-soy-firm/

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