# USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News

> USDA data showed October and November 2017 agricultural exports totaled $26.5 billion, about 7% below the prior year. USDA projected FY 2018 agricultural exports at $140.0 billion, and the January WASDE cut soybean exports by 65 million bushels to 2,160 million on lagging sales and stronger Brazilian competition.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker US soybean export commitments and rising Brazilian competition point to softer soybean demand and bearish pressure on soybean prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SOY | 2018-04-13 | [China traders, farmers shrug off risk of US soybeans tariff \| AP News](https://feedsoft.ai/events/65373-china-traders-farmers-shrug-off-risk-of-us-soybeans-tariff-ap-news.md) | -2.2% | -4.5% |
| SOY | 2020-01-09 | [New Data: U.S. Soybean Farmers Lost 2nd Year To China Trade War](https://feedsoft.ai/events/55115-new-data-u-s-soybean-farmers-lost-2nd-year-to-china-trade-war.md) | -1.0% | -6.1% |
| SOY | 2018-03-11 | [New U.S. Tariffs Ramp-Up Fear of Ag Trade Retaliation; Soybean Growers Especially Worried \| Farm Policy News \| Illinois](https://feedsoft.ai/events/65985-new-u-s-tariffs-ramp-up-fear-of-ag-trade-retaliation-soybean-growers-especially.md) | +2.0% | +1.7% |
| SOY | 2017-02-07 | [Trade Policy Uncertainty: Lingering Concern for Farmers - Farm Policy News](https://feedsoft.ai/events/72478-trade-policy-uncertainty-lingering-concern-for-farmers-farm-policy-news.md) | +1.8% | -2.1% |
| SBM | 2018-04-13 | [China traders, farmers shrug off risk of US soybeans tariff \| AP News](https://feedsoft.ai/events/65373-china-traders-farmers-shrug-off-risk-of-us-soybeans-tariff-ap-news.md) | -2.6% | +1.9% |
| SBM | 2018-03-11 | [New U.S. Tariffs Ramp-Up Fear of Ag Trade Retaliation; Soybean Growers Especially Worried \| Farm Policy News \| Illinois](https://feedsoft.ai/events/65985-new-u-s-tariffs-ramp-up-fear-of-ag-trade-retaliation-soybean-growers-especially.md) | +0.3% | +4.8% |
| SBM | 2017-02-07 | [Trade Policy Uncertainty: Lingering Concern for Farmers - Farm Policy News](https://feedsoft.ai/events/72478-trade-policy-uncertainty-lingering-concern-for-farmers-farm-policy-news.md) | +3.1% | -1.8% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2018/01/usda-trade-data-update-focus-soybeans-grains/

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