# USDA Lowers Corn Stocks, Prices Rise

> The USDA's February report put 2017/18 US corn ending stocks at 2.352 billion bushels, below trade expectations, while soybean stocks rose to 530 million bushels and wheat stocks to 1.009 billion. Corn futures rose and soybeans and wheat initially fell.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10009-usda-lowers-corn-stocks-prices-rise
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tighter-than-expected US corn stocks support corn prices and feed grain costs, while larger soybean and wheat supplies weigh on those markets.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-11 | [USDA Slightly Lowers US Corn Ending Stocks](https://feedsoft.ai/events/30673-usda-slightly-lowers-us-corn-ending-stocks.md) | -0.9% | -0.5% |
| WHEAT | 2024-07-12 | [USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks](https://feedsoft.ai/events/29201-usda-hikes-corn-production-but-lowers-2024-25-corn-ending-stocks.md) | -3.9% | -2.9% |
| WHEAT | 2017-04-20 | [Record wheat stocks mean lower prices](https://feedsoft.ai/events/71541-record-wheat-stocks-mean-lower-prices.md) | +1.3% | +0.1% |
| WHEAT | 2019-04-09 | [USDA Expects Larger Corn Stocks](https://feedsoft.ai/events/11376-usda-expects-larger-corn-stocks.md) | -0.5% | -10.8% |
| WHEAT | 2026-02-10 | [USDA Defies Expectations by Lowering Corn Ending Stocks](https://feedsoft.ai/events/20544-usda-defies-expectations-by-lowering-corn-ending-stocks.md) | +1.9% | +6.3% |
| SOY | 2024-04-11 | [USDA Slightly Lowers US Corn Ending Stocks](https://feedsoft.ai/events/30673-usda-slightly-lowers-us-corn-ending-stocks.md) | -1.3% | +4.1% |
| SOY | 2024-04-17 | [USDA: Low corn prices spur greater feed use \| Feed Strategy](https://feedsoft.ai/events/30829-usda-low-corn-prices-spur-greater-feed-use-feed-strategy.md) | +2.0% | +4.7% |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks, raises soybean \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-iowa-agribusiness-radio-network.md) | -2.1% | -3.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/usda-lowers-u-s-corn-stocks-view-as-exports-rise
- agriculture.com: https://www.agriculture.com/usda-lowers-corn-wheat-stocks-prices-rise

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