# Market Trends for March & April - Grain Farmers of Ontario

> Grain Farmers of Ontario reviews markets as Covid-19 drives volatility, with grain prices down sharply from January. The USDA March WASDE left US soybean and corn ending stocks and production largely unchanged. USDA raised Brazil's soybean crop estimate to 126 MMT and kept Argentina's at 54 MMT.

- Date: 2020-03-16 · published 2020-03-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7428-market-trends-for-march-and-april-grain-farmers-of-ontario
- 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

The unchanged US balance sheets offer little fundamental support, while the higher Brazilian soybean estimate adds export supply and weighs on soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-26 | [Morning Market Review for March 26, 2020 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11212-morning-market-review-for-march-26-2020-highline-grain-growers-inc.md) | -2.1% | -4.8% |
| SOY | 2024-10-21 | [Grain market review: Oilseeds \| World Grain](https://feedsoft.ai/events/11145-grain-market-review-oilseeds-world-grain.md) | +1.8% | +2.9% |
| SOY | 2023-09-08 | [Farmers in Rio Grande do Sul Hoping for a Better 2023/24](https://feedsoft.ai/events/13626-farmers-in-rio-grande-do-sul-hoping-for-a-better-2023-24.md) | -0.1% | -4.8% |
| SOY | 2021-09-13 | [Market Trends Report – September & October 2021](https://feedsoft.ai/events/12293-market-trends-report-september-and-october-2021.md) | +0.7% | -2.5% |
| SOY | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | +0.9% | -4.0% |
| CORN | 2019-12-16 | [Market Trends Report for December & January - Grain Farmers of Ontario](https://feedsoft.ai/events/9223-market-trends-report-for-december-and-january-grain-farmers-of-ontario.md) | +4.2% | +4.8% |
| CORN | 2016-12-12 | [Grain market steady after USDA report - Farmers Weekly](https://feedsoft.ai/events/73541-grain-market-steady-after-usda-report-farmers-weekly.md) | +1.3% | +1.3% |
| CORN | 2019-04-26 | [Size of Russian wheat crop takes toll on market - Farmers Weekly](https://feedsoft.ai/events/10961-size-of-russian-wheat-crop-takes-toll-on-market-farmers-weekly.md) | +0.6% | +5.3% |

## Sources

- gfo.ca: https://gfo.ca/market-trends/market-trends-for-march-april/

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