# Upbeat USDA Report Sparks Grain Rally | Блог Interlegal

> A surprisingly bullish USDA quarterly stocks report pushed US wheat prices up US$10/t after a quiet week, with much lower-than-expected corn stocks setting the tone. Russia's grain export quota mechanism remains relevant, and Argentina's wheat crop is forecast lower due to dry weather.

- Date: 2020-10-05 · published 2020-10-05T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/11638-upbeat-usda-report-sparks-grain-rally-interlegal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower corn stocks and reduced wheat supplies in the US and Argentina raise feed grain prices. Russian export quota risk adds upside pressure to global wheat values.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-30 | [A rarity: USDA report sparks broad rallies](https://feedsoft.ai/events/8787-a-rarity-usda-report-sparks-broad-rallies.md) | +1.5% | +11.3% |
| CORN | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | -1.8% | -2.6% |
| 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% |
| CORN | 2025-03-31 | [USDA reports mixed grain stocks, with wheat up and corn down](https://feedsoft.ai/events/25651-usda-reports-mixed-grain-stocks-with-wheat-up-and-corn-down.md) | +0.4% | +4.2% |
| CORN | 2016-07-13 | [USDA report brings some grain price relief \| NSW](https://feedsoft.ai/events/10876-usda-report-brings-some-grain-price-relief-nsw.md) | +7.6% | +2.1% |
| WHEAT | 2020-09-30 | [A rarity: USDA report sparks broad rallies](https://feedsoft.ai/events/8787-a-rarity-usda-report-sparks-broad-rallies.md) | +2.5% | +4.6% |
| 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 | 2017-02-10 | [Daily Grain Report](https://feedsoft.ai/events/72451-daily-grain-report.md) | -0.6% | -1.5% |

## Sources

- blog.interlegal.com.ua: https://blog.interlegal.com.ua/upbeat-usda-report-sparks-grain-rally/

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