# USDA numbers, weather spark strong reactions - Brownfield Ag News

> Soybeans rallied sharply after USDA's acreage figure came in slightly below expectations, while soybean stocks were above a year earlier. Corn and wheat also rose, with wheat driven by drought in the northern Plains and winter wheat quality concerns.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/9721-usda-numbers-weather-spark-strong-reactions-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter-than-expected acreage and drought risk support prices across soybeans, corn and wheat, with weather now the main driver for the next USDA report.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-12 | [Wheat, corn respond strongly to USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/64482-wheat-corn-respond-strongly-to-usda-numbers-brownfield-ag-news.md) | -4.7% | -10.6% |
| SOY | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.8% | +4.2% |
| SOY | 2017-01-12 | [USDA numbers support soybeans - Brownfield Ag News](https://feedsoft.ai/events/11023-usda-numbers-support-soybeans-brownfield-ag-news.md) | +6.7% | +4.7% |
| SOY | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +0.8% | +2.0% |
| SOY | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +2.0% | -1.2% |
| SBM | 2018-06-12 | [Wheat, corn respond strongly to USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/64482-wheat-corn-respond-strongly-to-usda-numbers-brownfield-ag-news.md) | -4.5% | -4.8% |
| SBM | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | +3.1% | +4.6% |
| SBM | 2017-01-12 | [USDA numbers support soybeans - Brownfield Ag News](https://feedsoft.ai/events/11023-usda-numbers-support-soybeans-brownfield-ag-news.md) | +12.1% | +8.9% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/usda-numbers-weather-spark-strong-reactions/

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