# USDA numbers send soybeans, corn lower - Brownfield Ag News

> Soybeans and corn fell on commercial and technical selling after USDA raised Brazil's soybean production and export estimates to 108 million tons, above CONAB's 107.61 million. Wheat was mixed, with Chicago and Kansas City lower and Minneapolis higher, as USDA tightened U.S. wheat stocks and increased world stocks.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71939-usda-numbers-send-soybeans-corn-lower-brownfield-ag-news
- 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

USDA's larger Brazilian crops and higher world stocks keep the grain complex under pressure, and soybean meal and oil followed beans lower.

## Read by commodity

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

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/usda-numbers-send-soybeans-corn-lower/

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