# SEP 30.24 USDA Quarterly Stocks Report - ADM Investor Services

> USDA's quarterly stocks report showed Sept. 1 corn stocks of 1.760 billion bushels, 84 million below pre-report estimates, and soybean stocks of 342 million bushels, slightly below expectations. Wheat stocks came in at 1.986 billion bushels, 13 million above expectations.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/28251-sep-30-24-usda-quarterly-stocks-report-adm-investor-services
- 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 smaller-than-expected corn stockpile signals tighter old-crop supply and firmer feed grain prices, while the soybean shortfall supports the soy complex. Wheat's surplus is mildly bearish for feed wheat alternatives.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-02-10 | [USDA Report - Drop in US Corn Stocks \| Feb 10.26 - ADM Investor Services](https://feedsoft.ai/events/20548-usda-report-drop-in-us-corn-stocks-feb-10-26-adm-investor-services.md) | +0.7% | +1.9% |
| CORN | 2020-11-10 | [November 10 USDA Supply/Demand Report Recap - ADM Investor Services](https://feedsoft.ai/events/50093-november-10-usda-supply-demand-report-recap-adm-investor-services.md) | +9.7% | +8.7% |
| CORN | 2025-07-11 | [July 11.25 USDA WASDE - Somewhat Supportive - ADM Investor Services](https://feedsoft.ai/events/23711-july-11-25-usda-wasde-somewhat-supportive-adm-investor-services.md) | -0.7% | -1.5% |
| CORN | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -3.3% | -5.7% |
| CORN | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -0.5% | +3.3% |
| SOY | 2020-11-10 | [November 10 USDA Supply/Demand Report Recap - ADM Investor Services](https://feedsoft.ai/events/50093-november-10-usda-supply-demand-report-recap-adm-investor-services.md) | +4.4% | +3.7% |
| SOY | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -8.4% | -15.7% |
| SOY | 2026-05-12 | [USDA May 12 Bullish Wheat, Supportive Beans, Neutral Corn - ADM Investor Services](https://feedsoft.ai/events/19195-usda-may-12-bullish-wheat-supportive-beans-neutral-corn-adm-investor-services.md) | +1.1% | -7.2% |

## Sources

- admis.com: https://www.admis.com/sep-30-24-usda-quarterly-stocks-report/

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