# Domestic corn, soybean stockpiles swell amid pandemic

> USDA's May WASDE raised domestic and global ending stocks for both 2019/20 and 2020/21 for wheat, corn and soybeans. Corn and soybean stocks rose on COVID-19 demand destruction and weaker exports. Wheat prices fell on the larger stockpile figures.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/12706-domestic-corn-soybean-stockpiles-swell-amid-pandemic
- 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

Bigger ending stocks point to weaker feed-grain and soymeal demand and lower prices. The pandemic-driven demand loss is a key bearish driver for the new crop.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-30 | [Corn, Soybean Stocks-to-Use Ratios](https://feedsoft.ai/events/30286-corn-soybean-stocks-to-use-ratios.md) | -4.0% | -5.1% |
| CORN | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +5.1% | +3.6% |
| CORN | 2024-10-01 | [Corn and Soybean Prices Collapse Due to Big Crop Estimates](https://feedsoft.ai/events/27882-corn-and-soybean-prices-collapse-due-to-big-crop-estimates.md) | +0.2% | -2.4% |
| CORN | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -0.3% |
| CORN | 2024-01-17 | [2023 Corn and Soybean Yields](https://feedsoft.ai/events/13212-2023-corn-and-soybean-yields.md) | +0.2% | -4.9% |
| SOY | 2024-05-30 | [Corn, Soybean Stocks-to-Use Ratios](https://feedsoft.ai/events/30286-corn-soybean-stocks-to-use-ratios.md) | -3.0% | -5.1% |
| SOY | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +2.2% | +0.7% |
| SOY | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | -3.1% | -4.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/corn/domestic-corn-soybean-stockpiles-swell-amid-pandemic

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