# Not bearish, neutral to friendly – Ohio Ag Net | Ohio's Country Journal

> USDA set old-crop corn ending stocks at 2.259 billion bushels and old-crop soybeans at 435 million, with new-crop wheat ending stocks at 914 million bushels. Traders were surprised by the low 2017-18 soybean carryout, and Brazil's soybean crop was pegged at 111.6 million tons.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70937-not-bearish-neutral-to-friendly-ohio-ag-net-ohio-s-country-journal
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record Brazilian output and record U.S. soybean acres keep the trade bearish on new-crop soybeans, limiting upside from the lower stocks figure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-12-12 | [Report friendly for corn, neutral to lower for soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/67415-report-friendly-for-corn-neutral-to-lower-for-soybeans-ohio-ag-net-ohio-s.md) | -2.1% | -3.6% |
| SOY | 2019-03-11 | [USDA Reports Review – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/60040-usda-reports-review-ohio-ag-net-ohio-s-country-journal.md) | +2.9% | +1.7% |
| SOY | 2024-11-19 | [Brazil and its sea of soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/13536-brazil-and-its-sea-of-soybeans-ohio-ag-net-ohio-s-country-journal.md) | -2.4% | -3.3% |
| SOY | 2021-03-09 | [Mixed March 9 USDA WASDE numbers – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/48071-mixed-march-9-usda-wasde-numbers-ohio-ag-net-ohio-s-country-journal.md) | -1.3% | -1.3% |
| SOY | 2017-03-31 | [Column: Record soybeans to be planted \| Business \| journalgazette.net](https://feedsoft.ai/events/72035-column-record-soybeans-to-be-planted-business-journalgazette-net.md) | -2.2% | -1.8% |
| CORN | 2023-08-15 | [A look at the August WASDE – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/5616-a-look-at-the-august-wasde-ohio-ag-net-ohio-s-country-journal.md) | -0.9% | -1.3% |
| CORN | 2023-02-08 | [Neutral WASDE report maintains expectations – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/37265-neutral-wasde-report-maintains-expectations-ohio-ag-net-ohio-s-country-journal.md) | -0.3% | -4.2% |
| CORN | 2021-03-09 | [Mixed March 9 USDA WASDE numbers – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/48071-mixed-march-9-usda-wasde-numbers-ohio-ag-net-ohio-s-country-journal.md) | -10.3% | -1.3% |

## Sources

- ocj.com: https://ocj.com/2017/05/not-bearish-neutral-to-friendly/

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