# Corn, Soybean Futures Climb on Surprise Stocks Report | Fox Business

> Corn and soybean futures rose after USDA reported Sept. 1 corn stocks of 2.295 billion bushels and soybean stocks of 301 million bushels, both below pre-report estimates. Wheat futures fell because USDA put wheat stocks and domestic production above expectations. December corn rose about 1% to $3.56 a bushel.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7538-corn-soybean-futures-climb-on-surprise-stocks-report-fox-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller-than-expected stocks led traders to question USDA's crop estimates and support corn and soybean prices. Heavier wheat supplies weighed on that market.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-09-29 | 5 | -7.1% | -3.8 | On Sept 29 USDA put US wheat stocks and production above expectations, triggering a wheat selloff on the last day of the 5-day window (supply surprise). |
| CORN | 2017-10-02 | 1 | +3.1% | 4.2 | Friday Sept. 29 USDA Sept. 1 corn stocks came in below estimates and lifted futures, setting up the large price move that carried into the next session. |
| WHEAT | 2017-10-02 | 1 | +3.4% | 3.3 | The USDA Sept. 29 report put wheat stocks and production above expectations, a bearish supply surprise that pressured wheat futures going into the Oct. 2 session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-30 | [CBOT corn futures climb - Markets - Business Recorder](https://feedsoft.ai/events/12775-cbot-corn-futures-climb-markets-business-recorder.md) | +3.3% | -1.5% |
| CORN | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -2.1% | -4.6% |
| CORN | 2021-06-11 | [Old-Crop Corn Stocks Surprise of WASDE Report \| Feed & Grain](https://feedsoft.ai/events/46505-old-crop-corn-stocks-surprise-of-wasde-report-feed-and-grain.md) | -6.1% | -4.6% |
| CORN | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +4.1% | +4.1% |
| CORN | 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) | +4.1% | +5.9% |
| SOY | 2016-12-01 | [WEEKLY EXPORT REPORT: Corn, soybean, wheat business declines](https://feedsoft.ai/events/73339-weekly-export-report-corn-soybean-wheat-business-declines.md) | +1.6% | -2.8% |
| SOY | 2020-06-30 | [CBOT corn futures climb - Markets - Business Recorder](https://feedsoft.ai/events/12775-cbot-corn-futures-climb-markets-business-recorder.md) | +3.3% | +3.5% |
| SOY | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -4.7% | -10.6% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/corn-soybean-futures-climb-on-surprise-stocks-report

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