# USDA Report Snapshot: Corn, soybean stocks lighter than expected - Pro Farmer

> USDA's Sept. 1 grain stocks report put corn at 1.760 billion bushels and soybeans at 342 million bushels, both below average trade estimates. Wheat stocks and production were slightly above pre-report expectations.

- Date: 2024-09-30 · published 2024-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/28254-usda-report-snapshot-corn-soybean-stocks-lighter-than-expected-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Lighter-than-expected corn and soybean stocks tighten old-crop supplies and support feed grain and meal prices. Heavier wheat supplies cap wheat's upside.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | -0.1% | -2.0% |
| WHEAT | 2023-04-11 | [PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer](https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged.md) | +8.8% | -0.9% |
| WHEAT | 2022-04-08 | [PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/41798-pf-report-reaction-u-s-corn-wheat-ending-stocks-higher-than-expected-pro-farmer.md) | -2.0% | +4.8% |
| WHEAT | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | +0.4% | +18.0% |
| WHEAT | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.4% | +5.9% |
| CORN | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.0% | +1.9% |
| CORN | 2025-12-09 | [Report Snapshot \| Corn, soybean ending stocks below average pre-report estimates - Pro Farmer](https://feedsoft.ai/events/21440-report-snapshot-corn-soybean-ending-stocks-below-average-pre-report-estimates.md) | +0.1% | +0.5% |
| CORN | 2022-08-12 | [PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks.md) | -0.7% | -1.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/usda-report-snapshot-corn-soybean-stocks-lighter-expected
- profarmer.com: https://www.profarmer.com/pro-farmer-max/crops-analysis/crops-analysis-sept-30-2024

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