# USDA shocks markets with low soybean, wheat acres | Farm Progress

> USDA's June 30 acreage report showed soybean plantings of 89.5 million acres, below trade expectations, and corn at about 90.9 million, above forecasts. Wheat acreage at 45.66 million was also below most estimates, and soybean June 1 stocks came in under average forecasts.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/9720-usda-shocks-markets-with-low-soybean-wheat-acres-farm-progress
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Smaller soybean and wheat acreage plus lower soybean stocks tighten those balance sheets and support prices, while the larger corn acreage weighs on corn.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |
| SOY | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -1.7% | -0.5% |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |
| SOY | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | -1.0% | -4.9% |
| SOY | 2017-07-11 | [USDA: Corn drops 3 points to 65% g/e, soybeans down 2 to 62% \| Farm Progress](https://feedsoft.ai/events/69805-usda-corn-drops-3-points-to-65-g-e-soybeans-down-2-to-62-farm-progress.md) | -3.5% | -5.9% |
| WHEAT | 2017-07-11 | [USDA: Corn drops 3 points to 65% g/e, soybeans down 2 to 62% \| Farm Progress](https://feedsoft.ai/events/69805-usda-corn-drops-3-points-to-65-g-e-soybeans-down-2-to-62-farm-progress.md) | -2.0% | -1.7% |
| WHEAT | 2021-09-30 | [Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes](https://feedsoft.ai/events/45035-soybeans-plunge-wheat-rallies-on-usda-stocks-and-production-changes.md) | +5.6% | +8.7% |
| WHEAT | 2021-09-30 | [U.S. Farmers Produced More Soybeans, Hold More Stocks, USDA Reports](https://feedsoft.ai/events/45037-u-s-farmers-produced-more-soybeans-hold-more-stocks-usda-reports.md) | +5.6% | +8.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/usda-shocks-markets-with-low-soybean-wheat-acres

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