# Analyst says Nothing from USDA May Report to Move the Needle | Hoosier Ag Today

> INTL FCStone's Arlan Suderman said the May USDA report contained little to move markets, with corn bouncing slightly and soybeans reversing a few cents after touching the top of their trading channel. He noted global corn stocks fell 30 million metric tons, mostly due to China.

- Date: 2017-05-11 · published 2017-05-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70939-analyst-says-nothing-from-usda-may-report-to-move-the-needle-hoosier-ag-today
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Global corn stock declines, concentrated in China, point to firmer import demand, though with markets largely unchanged the price impact is limited.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2017/05/11/analyst-says-nothing-from-usda-may-report-to-move-the-needle/

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