# U.S. grains: Soy weakens, corn gains ahead of USDA report - Manitoba Co-operator

> US soybean futures closed lower on Wednesday at the lowest levels since October, with May contracts at $9.69 a bushel, while corn and wheat edged higher. Traders were positioning ahead of USDA planting and grain stocks data due Friday, and analysts expected larger soybean plantings and bigger year-on-year stockpiles.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72034-u-s-grains-soy-weakens-corn-gains-ahead-of-usda-report-manitoba-co-operator
- 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)

## Why it matters

Heavy global oilseed and grain supplies and expected bigger US stocks keep soybean prices under pressure ahead of the report, with soymeal also gaining modestly.

## Read by commodity

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

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-grains-soy-weakens-corn-gains-ahead-of-usda-report/

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