# Soybean and Wheat Futures Affected by February Report | Hoosier Ag Today

> Soybean futures dropped after the midday release of USDA's February report, which cut the Argentine soybean crop by 1.5 million metric tons, less than the 2.5 million expected. USDA also did not raise its U.S. soybean export target, and analysts said the export pace is already ahead of that target.

- Date: 2017-02-10 · published 2017-02-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/72448-soybean-and-wheat-futures-affected-by-february-report-hoosier-ag-today
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller-than-expected cut to Argentine output and an unchanged U.S. export target leave soybean supplies looser than the market wanted, which weighs on prices. Corn stock and China demand changes were smaller factors.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-01-22 | [2025 Corn, Soybean, and Wheat Outlook \| CAES Field Report](https://feedsoft.ai/events/26478-2025-corn-soybean-and-wheat-outlook-caes-field-report.md) | -2.1% | -3.3% |
| SOY | 2020-11-18 | [Indiana Still on Pace for Record Corn and Soybean Yields \| Hoosier Ag Today](https://feedsoft.ai/events/49989-indiana-still-on-pace-for-record-corn-and-soybean-yields-hoosier-ag-today.md) | +1.8% | +1.2% |
| SOY | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | +0.4% | -3.8% |
| SOY | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | +0.2% | -3.8% |
| SOY | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | -3.7% | -4.0% |

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2017/02/10/soybean-and-wheat-futures-affected-by-february-report/

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