# USDA Reports Flash

> USDA's WASDE pegged Brazil's soybean crop at a record 108 million tons, up 4 million, and raised Argentina's corn estimate by 1 million tons to 37.5 million. U.S. soybean ending stocks rose by 15 million bushels to 435 million, while world ending stocks for corn were raised about 3 million tons.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/71937-usda-reports-flash
- 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

Larger South American supplies and higher world stocks point to ample global supply, which is moderately bearish for soybeans and corn prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-12-09 | [USDA Reports Flash](https://feedsoft.ai/events/73424-usda-reports-flash.md) | +0.2% | -3.0% |
| SOY | 2018-09-12 | [USDA Reports Update](https://feedsoft.ai/events/62875-usda-reports-update.md) | -0.8% | +5.2% |
| SOY | 2018-10-11 | [USDA Reports Summary](https://feedsoft.ai/events/62479-usda-reports-summary.md) | +3.9% | +1.8% |
| SOY | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | -0.8% | +1.0% |
| SOY | 2021-06-10 | [USDA Report Recap](https://feedsoft.ai/events/46510-usda-report-recap.md) | -7.3% | -11.0% |
| CORN | 2017-11-09 | [USDA Reports Flash](https://feedsoft.ai/events/67929-usda-reports-flash.md) | -1.8% | -0.8% |
| CORN | 2016-12-09 | [USDA Reports Flash](https://feedsoft.ai/events/73424-usda-reports-flash.md) | +2.4% | +0.4% |
| CORN | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | +1.9% | -1.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2017/03/09/record-brazil-soybean-production?referrer=twitter

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