# Grain market update | Saxo

> The Bloomberg Grains Index reached a 17-month high after USDA cut its forecast for end-of-season US corn and soybean stocks. Soybean ending stocks were lowered by 100 million bushels to 190 million, and corn ending stocks fell by 465 million bushels to 1.7 billion, the lowest since 2013-14. The cuts reflected harvest downgrades and stronger expected Chinese buying.

- Date: 2020-10-13 · published 2020-10-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/11789-grain-market-update-saxo
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Sharply lower projected US ending stocks signal tight supplies and support higher corn and soybean prices into the new season. Feed buyers face higher input costs.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-14 | [Market update week 49 - VV COM](https://feedsoft.ai/events/32668-market-update-week-49-vv-com.md) | +1.5% | +1.2% |
| 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% |
| CORN | 2018-03-31 | [Cattle Current Daily-Apr. 2, 2018 – Cattle Current Market Update](https://feedsoft.ai/events/11973-cattle-current-daily-apr-2-2018-cattle-current-market-update.md) | +2.3% | +3.1% |
| CORN | 2018-11-12 | [Grain market review: Wheat \| 2018-11-12  \| World Grain](https://feedsoft.ai/events/62073-grain-market-review-wheat-2018-11-12-world-grain.md) | -6.7% | +0.1% |
| 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% |
| SOY | 2017-10-31 | [Feed market update - Pig World](https://feedsoft.ai/events/68554-feed-market-update-pig-world.md) | +1.2% | +2.1% |
| SOY | 2016-11-17 | [Post Market Wrap Up Nov 17 \| Woodall Grain Company](https://feedsoft.ai/events/11920-post-market-wrap-up-nov-17-woodall-grain-company.md) | +4.9% | +4.4% |
| SOY | 2018-03-31 | [Cattle Current Daily-Apr. 2, 2018 – Cattle Current Market Update](https://feedsoft.ai/events/11973-cattle-current-daily-apr-2-2018-cattle-current-market-update.md) | -1.1% | +0.0% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/grain-market-update-11112020

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