# Soybeans down, corn up after USDA numbers - Brownfield Ag News

> Soybeans fell to new multi-month lows after USDA projected record U.S. soybean acreage and larger-than-expected quarterly stocks. Corn rose on buying and acreage expectations for a 4% decline, while wheat was mixed, with U.S. wheat acreage seen at its lowest since 1919.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/72023-soybeans-down-corn-up-after-usda-numbers-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record soybean acreage and bigger stocks are bearish for soybean meal and oil, while lower expected corn acreage supports corn prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | -0.0% | -0.6% |
| WHEAT | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | +0.8% | -0.1% |
| WHEAT | 2018-09-12 | [USDA anticipates bigger U.S. corn, soybean supplies - Brownfield Ag News](https://feedsoft.ai/events/62986-usda-anticipates-bigger-u-s-corn-soybean-supplies-brownfield-ag-news.md) | -6.9% | -6.6% |
| WHEAT | 2016-11-11 | [Soybeans, corn down watching end of harvest, South America - Brownfield Ag News](https://feedsoft.ai/events/73884-soybeans-corn-down-watching-end-of-harvest-south-america-brownfield-ag-news.md) | +1.8% | +1.5% |
| WHEAT | 2026-06-29 | [USDA forecast shows rising costs for corn, soybeans, sorghum and wheat - Brownfield Ag News](https://feedsoft.ai/events/18856-usda-forecast-shows-rising-costs-for-corn-soybeans-sorghum-and-wheat-brownfield.md) | +0.6% | +4.4% |
| CORN | 2022-09-30 | [Wheat, corn rise, soybeans fall after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/39611-wheat-corn-rise-soybeans-fall-after-usda-numbers-brownfield-ag-news.md) | +1.0% | +3.8% |
| CORN | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +1.5% | +11.3% |
| CORN | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.9% | +0.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-usda-numbers-4/
- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-watching-south-america-waiting-usda-numbers/

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