# USDA delivers bearish surprise for soybeans with big acres and big sto

> USDA's Prospective Plantings report projected a record 89.5 million acres of U.S. soybeans for 2017, above most trade estimates. The March 1 soybean stocks of 1.735 billion bushels also topped expectations, and soybean futures fell while corn and wheat rose on reduced acreage forecasts.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/72029-usda-delivers-bearish-surprise-for-soybeans-with-big-acres-and-big-sto
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger-than-expected soybean area and heavy stocks point to ample supply, pressuring soybean meal and soy complex prices, while lower corn and wheat acreage supports those grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-03-09 | [USDA Report: Soybeans get a bearish surprise](https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise.md) | -1.3% | -6.6% |
| 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 | 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 | 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 | 2017-04-12 | [USDA Crop Reports Bearish for U.S. Corn, Wheat and Soybean Markets - Northern Ag Network](https://feedsoft.ai/events/71446-usda-crop-reports-bearish-for-u-s-corn-wheat-and-soybean-markets-northern-ag.md) | +1.2% | +2.4% |
| SBM | 2017-03-09 | [USDA Report: Soybeans get a bearish surprise](https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise.md) | +0.3% | -5.1% |
| 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 | 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% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/usda-delivers-bearish-surprise-for-soybeans-with-big-acres-and-big-stocks

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