# Bower Trading Market Strategy Report: Finally, Friendly Numbers from USDA | Hoosier Ag Today

> USDA's quarterly stocks report was friendly to corn and soybeans, with futures closing higher on the day. USDA cut the 2016 soybean crop by 11 million bushels and raised corn feeding by 40 million bushels, leaving corn stocks at 2.295 billion bushels. Soybean stocks of 301 million bushels came in below expectations of 338 million.

- Date: 2017-10-02 · published 2017-10-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7535-bower-trading-market-strategy-report-finally-friendly-numbers-from-usda-hoosier
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower soybean stocks and stronger corn feed demand support prices despite harvest pressure. Analysts said good domestic and export demand limits bearish pressure.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2017-10-02 | 1 | +3.1% | 4.2 | The stocks report was seen as friendly, with a larger feed-use adjustment and lower soybean stocks, supporting sentiment and futures prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-11 | [Mike Silver Analyzes USDA May Report and the Win for Soybeans \| Hoosier Ag Today](https://feedsoft.ai/events/64972-mike-silver-analyzes-usda-may-report-and-the-win-for-soybeans-hoosier-ag-today.md) | -0.1% | -2.8% |
| CORN | 2022-03-10 | [Impacts of Russia-Ukraine War On Grain Markets Detailed In USDA Report \| Hoosier Ag Today](https://feedsoft.ai/events/42325-impacts-of-russia-ukraine-war-on-grain-markets-detailed-in-usda-report-hoosier.md) | +2.5% | +11.8% |
| CORN | 2017-06-30 | [USDA Reports Spark Market Rally and Opportunity for Growers \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70551-usda-reports-spark-market-rally-and-opportunity-for-growers-iowa-agribusiness.md) | +5.6% | +3.1% |
| CORN | 2017-12-12 | [Report friendly for corn, neutral to lower for soybeans – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/67415-report-friendly-for-corn-neutral-to-lower-for-soybeans-ohio-ag-net-ohio-s.md) | +1.9% | +2.2% |
| CORN | 2018-12-07 | [Markets React Favorably to USDA's December Estimates - All Ag News](https://feedsoft.ai/events/61608-markets-react-favorably-to-usda-s-december-estimates-all-ag-news.md) | +0.5% | +2.0% |
| SOY | 2018-05-11 | [Mike Silver Analyzes USDA May Report and the Win for Soybeans \| Hoosier Ag Today](https://feedsoft.ai/events/64972-mike-silver-analyzes-usda-may-report-and-the-win-for-soybeans-hoosier-ag-today.md) | -1.8% | -4.3% |
| SOY | 2022-03-10 | [Impacts of Russia-Ukraine War On Grain Markets Detailed In USDA Report \| Hoosier Ag Today](https://feedsoft.ai/events/42325-impacts-of-russia-ukraine-war-on-grain-markets-detailed-in-usda-report-hoosier.md) | -2.2% | -4.0% |
| SOY | 2017-06-30 | [USDA Reports Spark Market Rally and Opportunity for Growers \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/70551-usda-reports-spark-market-rally-and-opportunity-for-growers-iowa-agribusiness.md) | +8.8% | +9.3% |

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2017/10/02/bower-trading-market-strategy-report-finally-friendly-numbers-from-usda/

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