# Trump's huge pile of soybeans  - POLITICO

> USDA estimates from the November WASDE show record U.S. corn and soybean surpluses, with production and ending stocks both higher than expected. The estimates moved commodity markets when released on Wednesday. Other crops in the report also showed record surpluses.

- Date: 2016-11-10 · published 2016-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73825-trump-s-huge-pile-of-soybeans-politico
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record surpluses of corn and soybeans keep downward pressure on feed grain and meal prices. Buyers can expect ample supplies and lower prices through the 2016/17 marketing year.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-01 | [Soybeans sell off on improved ratings](https://feedsoft.ai/events/12259-soybeans-sell-off-on-improved-ratings.md) | +0.4% | -8.1% |
| CORN | 2020-02-11 | [Traders shrug off favorable WASDE soybean data](https://feedsoft.ai/events/54560-traders-shrug-off-favorable-wasde-soybean-data.md) | +0.7% | +0.7% |
| CORN | 2024-09-12 | [Corn Production Pegged Higher, Soybeans Lower](https://feedsoft.ai/events/28253-corn-production-pegged-higher-soybeans-lower.md) | +4.9% | +5.1% |
| CORN | 2016-07-19 | [Corn and soybeans tumble after healthy crop readings](https://feedsoft.ai/events/7420-corn-and-soybeans-tumble-after-healthy-crop-readings.md) | -3.7% | -6.8% |
| CORN | 2023-02-16 | [USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news.md) | -0.4% | -4.9% |
| SOY | 2019-02-27 | [U.S. soybean stocks to hang over market for ‘a while’](https://feedsoft.ai/events/60619-u-s-soybean-stocks-to-hang-over-market-for-a-while.md) | -0.3% | -0.3% |
| SOY | 2017-08-01 | [Soybeans sell off on improved ratings](https://feedsoft.ai/events/12259-soybeans-sell-off-on-improved-ratings.md) | -3.5% | -6.0% |
| SOY | 2018-10-25 | [Soybeans Caught in Trade Tussle \| St. Louis Fed](https://feedsoft.ai/events/62401-soybeans-caught-in-trade-tussle-st-louis-fed.md) | -1.3% | +3.9% |

## Sources

- politico.com: https://www.politico.com/tipsheets/morning-agriculture/2016/11/trumps-huge-pile-of-soybeans-217347

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