# USDA Crop Reports Bearish for U.S. Corn, Wheat and Soybean Markets - Northern Ag Network

> USDA raised 2016/17 global soybean production by 5.18 million metric tons and ending stocks by 4.59 million metric tons, driven by Brazil. U.S. soybean ending stocks rose 10 million bushels to 445 million. Analysts called the U.S. figures neutral and the global figures bearish for soybeans and wheat.

- Date: 2017-04-12 · published 2017-04-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/71446-usda-crop-reports-bearish-for-u-s-corn-wheat-and-soybean-markets-northern-ag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger South American supply cushions the market and points to lower soybean and soymeal prices unless demand picks up.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -1.9% | -6.0% |
| SOY | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | -2.7% | +2.6% |
| SOY | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | +0.2% | -3.8% |
| SOY | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | -3.7% | -4.0% |
| SOY | 2021-10-11 | [Turner's Take Ag Marketing \| October WASDE Bearish for Soybeans and Corn](https://feedsoft.ai/events/44488-turner-s-take-ag-marketing-october-wasde-bearish-for-soybeans-and-corn.md) | -2.0% | -4.1% |
| SBM | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | -2.3% | -6.5% |
| SBM | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +1.1% | -1.2% |
| SBM | 2016-09-12 | [USDA Report: Larger soybean crop sparks bearish reaction](https://feedsoft.ai/events/10184-usda-report-larger-soybean-crop-sparks-bearish-reaction.md) | -3.0% | -7.6% |

## Sources

- northernag.net: https://www.northernag.net/usda-crop-reports-bearish-for-u-s-corn-wheat-and-soybean-markets/

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