# Historic Wheat Production Decline, Tighter Corn Supplies Highlight USDA's July WASDE Report - ProAg

> The July WASDE cut new-crop US corn ending stocks by 170 million bushels to 1.8 billion and old-crop stocks by 125 million to 2 billion. Wheat production was projected at its smallest since 1970/71, and corn, soybean and wheat futures rose sharply on the day. Analysts say weather in the western Corn Belt now drives the market because supply cushions are thin.

- Date: 2026-07-14 · published 2026-07-14T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/18276-historic-wheat-production-decline-tighter-corn-supplies-highlight-usda-s-july
- 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

Lower stocks across corn, soybeans and wheat leave little buffer against yield losses, which raises the risk of sharp price moves. Feed costs are likely to stay firm.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-11 | [U.S. Corn Production, Supplies Fall, USDA Says](https://feedsoft.ai/events/58451-u-s-corn-production-supplies-fall-usda-says.md) | +6.2% | +3.2% |
| CORN | 2023-01-12 | [USDA Releases January Crop Production, WASDE, Grain Stocks, Winter Wheat Seedings Reports](https://feedsoft.ai/events/13308-usda-releases-january-crop-production-wasde-grain-stocks-winter-wheat-seedings.md) | +2.2% | +2.2% |
| CORN | 2023-12-08 | [USDA’s December WASDE Forecasts Lower Domestic Corn and Wheat Supplies](https://feedsoft.ai/events/32629-usda-s-december-wasde-forecasts-lower-domestic-corn-and-wheat-supplies.md) | -2.7% | -0.3% |
| CORN | 2025-07-12 | [USDA Slightly Lowers Corn Production, Boosts Old-Crop Corn Exports to Record Level in July WASDE \| Michigan Ag Today](https://feedsoft.ai/events/23708-usda-slightly-lowers-corn-production-boosts-old-crop-corn-exports-to-record.md) | +0.9% | -1.2% |
| CORN | 2018-06-13 | [Corn and Wheat Pop on June WASDE Report \| Hoosier Ag Today](https://feedsoft.ai/events/64484-corn-and-wheat-pop-on-june-wasde-report-hoosier-ag-today.md) | -4.1% | -8.2% |
| SOY | 2021-02-09 | [WASDE Sees Corn Stocks Decline; Beans Rally on Tightening Supplies](https://feedsoft.ai/events/48586-wasde-sees-corn-stocks-decline-beans-rally-on-tightening-supplies.md) | -0.2% | +3.9% |
| SOY | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | +0.7% | +3.8% |
| SOY | 2019-06-11 | [U.S. Corn Production, Supplies Fall, USDA Says](https://feedsoft.ai/events/58451-u-s-corn-production-supplies-fall-usda-says.md) | +6.3% | +2.8% |

## Sources

- proag.com: https://www.proag.com/news/historic-wheat-production-decline-tighter-corn-supplies-highlight-usdas-july-wasde-report/

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