# USDA report brings some grain price relief | NSW

> Grain futures stabilized after a two-week slide when the USDA's July WASDE report cut world wheat stocks by 4.1 million tonnes, citing higher feed demand. Corn stocks rose by less than the market expected. Soymeal futures hit limit down in Chicago the previous week on good US rain.

- Date: 2016-07-13 · published 2016-07-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/10876-usda-report-brings-some-grain-price-relief-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower world wheat stocks and strong feed use support wheat prices, and cheaper wheat is pulling feed buyers away from pricier grains. Soymeal fell sharply on weather-driven supply expectations, which lowers feed protein costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +2.3% | -3.8% |
| WHEAT | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +0.6% | -6.5% |
| WHEAT | 2018-06-12 | [U.S. Grain Stocks Get Smaller, USDA Report Shows](https://feedsoft.ai/events/64478-u-s-grain-stocks-get-smaller-usda-report-shows.md) | -0.9% | -6.9% |
| WHEAT | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +1.2% | +0.3% |
| WHEAT | 2017-02-10 | [Daily Grain Report](https://feedsoft.ai/events/72451-daily-grain-report.md) | -0.6% | -1.5% |
| CORN | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +5.8% | +11.6% |
| CORN | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | -2.1% | +1.5% |
| CORN | 2018-06-12 | [U.S. Grain Stocks Get Smaller, USDA Report Shows](https://feedsoft.ai/events/64478-u-s-grain-stocks-get-smaller-usda-report-shows.md) | -2.1% | -4.6% |

## Sources

- theland.com.au: https://www.theland.com.au/story/4027708/grain-price-relief/

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