# USDA Report: Soybeans get a bearish surprise

> USDA's March WASDE raised U.S. soybean ending stocks by 15 million bushels while cutting exports by 25 million, and raised Brazil's soybean crop by 4 million tons to a record 108 million. Corn and winter wheat futures also fell after the report, with May soybeans dropping below their 200-day moving average.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A larger Brazilian crop and higher U.S. carryout add supply to a market already facing weaker export demand, which pressures soybean, meal and oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-07-12 | [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 | 2021-09-30 | [Soy stumbles on bearish USDA report](https://feedsoft.ai/events/45036-soy-stumbles-on-bearish-usda-report.md) | -3.3% | -3.5% |
| SOY | 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) | +1.5% | -1.1% |
| SOY | 2024-04-11 | [April WASDE Report Brings Bearish Surprise](https://feedsoft.ai/events/30674-april-wasde-report-brings-bearish-surprise.md) | -1.3% | +4.1% |
| CORN | 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) | -5.7% | -8.7% |
| CORN | 2021-09-30 | [Soy stumbles on bearish USDA report](https://feedsoft.ai/events/45036-soy-stumbles-on-bearish-usda-report.md) | +0.3% | +2.8% |
| CORN | 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) | +0.8% | -4.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/usda-report-soybeans-get-a-bearish-surprise

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