# USDA drops a bombshell and the markets explode - Grain Central

> The USDA quarterly grain stocks report showed old-crop corn stocks of 50.7 Mt, well below the trade estimate of 57 Mt. September 1 soybean stocks of 14.2 Mt were also far below expectations, down 42% year on year, and wheat supplies were tighter than expected.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/11634-usda-drops-a-bombshell-and-the-markets-explode-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large downside surprise in US corn and soybean stocks tightens the global balance sheet and raises feed grain prices. Demand for South American supplies is likely to increase.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-13 | [USDA's WASDE trims South American corn crops - Grain Central](https://feedsoft.ai/events/37741-usda-s-wasde-trims-south-american-corn-crops-grain-central.md) | +0.4% | +0.2% |
| CORN | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -1.5% | -2.1% |
| CORN | 2020-06-30 | [Daily Market Wire 30 June 2020 - Grain Central](https://feedsoft.ai/events/52723-daily-market-wire-30-june-2020-grain-central.md) | +3.3% | -1.5% |
| CORN | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.2% | +1.6% |
| CORN | 2020-12-03 | [USDA Grain Stocks & WASDE Shock Markets \| Feed & Grain](https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain.md) | +0.0% | +3.9% |
| SOY | 2021-02-16 | [The USDA tried, but it still missed the mark on China - Grain Central](https://feedsoft.ai/events/48593-the-usda-tried-but-it-still-missed-the-mark-on-china-grain-central.md) | +0.9% | +3.5% |
| SOY | 2021-08-12 | [Grain Journal \| USDA Oilseeds: World Markets and Trade (Aug. 12):…](https://feedsoft.ai/events/45662-grain-journal-usda-oilseeds-world-markets-and-trade-aug-12.md) | -3.4% | -10.4% |
| SOY | 2023-01-13 | [USDA's WASDE trims South American corn crops - Grain Central](https://feedsoft.ai/events/37741-usda-s-wasde-trims-south-american-corn-crops-grain-central.md) | -1.5% | +0.8% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/usda-drops-a-bombshell-and-the-markets-explode/

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