# WASDE: Soybeans bearish, corn, wheat somewhat bullish - Texas Farm Bureau

> USDA's February WASDE showed U.S. wheat ending stocks at their largest since the 1980s at 1.139 billion bushels, with exports raised 50 million bushels to 1.025 billion. The report forecast a large soybean crop and lower grain sorghum output due to sugarcane aphids, and raised Mexico's corn production to a record.

- Date: 2017-02-09 · published 2017-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/72449-wasde-soybeans-bearish-corn-wheat-somewhat-bullish-texas-farm-bureau
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Record-high wheat stocks cap rallies, but higher exports and the lower sorghum crop give some support. A large soybean crop is bearish for soy prices, and reduced sorghum supply can lift sorghum feed values.

## Read by commodity

- SOY: bearish ▼
- WHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-10 | [WASDE bearish for corn, mildly bullish for wheat - Grain Central](https://feedsoft.ai/events/48592-wasde-bearish-for-corn-mildly-bullish-for-wheat-grain-central.md) | +9.2% | +9.3% |
| WHEAT | 2018-05-10 | [WASDE delivers bullish corn, soybean news](https://feedsoft.ai/events/64967-wasde-delivers-bullish-corn-soybean-news.md) | -1.0% | +2.7% |
| WHEAT | 2021-10-11 | [Turner's Take Ag Marketing \| October WASDE Bearish for Soybeans and Corn](https://feedsoft.ai/events/44488-turner-s-take-ag-marketing-october-wasde-bearish-for-soybeans-and-corn.md) | +2.0% | +13.2% |
| WHEAT | 2023-10-12 | [Soybeans jump higher on bullish WASDE data](https://feedsoft.ai/events/33589-soybeans-jump-higher-on-bullish-wasde-data.md) | +0.8% | -0.8% |
| WHEAT | 2018-08-13 | [WASDE Review August 2018 : Soybean / Wheat / Corn](https://feedsoft.ai/events/63482-wasde-review-august-2018-soybean-wheat-corn.md) | -1.8% | +3.1% |
| 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 | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +2.5% | +10.6% |
| 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% |

## Sources

- texasfarmbureau.org: https://texasfarmbureau.org/wasde-soybeans-bearish-corn-wheat-somewhat-bullish/

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