# Market Perspectives - September 26, 2024 - U.S. Grains & BioProducts Council

> The U.S. Grains Council's September 26 market outlook previews the USDA September stocks report. Trade estimates put 2023 soybean production at 4.164 billion bushels and corn at 15.290 billion bushels. Corn September quarterly stocks are expected to reach a four-year high of about 1.844 billion bushels.

- Date: 2024-09-26 · published 2024-09-26T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28411-market-perspectives-september-26-2024-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stocks estimates above USDA's prior projections suggest ample old-crop supply, which tends to weigh on corn and soybean prices unless the report surprises sharply.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- DDGS: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-12-11 | [Forecast for U.S. Oilseed Production in 2024–2025 – Market-Tracker](https://feedsoft.ai/events/27058-forecast-for-u-s-oilseed-production-in-2024-2025-market-tracker.md) | -1.8% | -0.3% |
| SOY | 2025-12-11 | [December WASDE maintains outlook for 2025-’26 soybean oil use in biofuel production](https://feedsoft.ai/events/15067-december-wasde-maintains-outlook-for-2025-26-soybean-oil-use-in-biofuel.md) | -3.0% | -3.9% |
| SOY | 2021-09-13 | [Market Trends Report – September & October 2021](https://feedsoft.ai/events/12293-market-trends-report-september-and-october-2021.md) | +0.7% | -2.5% |
| SOY | 2016-11-09 | [Corn, soybean markets drop after USDA hikes production](https://feedsoft.ai/events/73821-corn-soybean-markets-drop-after-usda-hikes-production.md) | -1.6% | +2.5% |
| SOY | 2025-09-04 | [Grain Transportation Report, September 4, 2025](https://feedsoft.ai/events/16422-grain-transportation-report-september-4-2025.md) | -1.0% | -0.3% |
| CORN | 2023-12-14 | [Market Perspectives – December 14, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9996-market-perspectives-december-14-2023-u-s-grains-and-bioproducts-council.md) | +1.5% | +1.2% |
| CORN | 2016-11-10 | [Market Perspectives November 10, 2016 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/12242-market-perspectives-november-10-2016-u-s-grains-and-bioproducts-council.md) | -3.7% | -1.2% |
| CORN | 2017-12-13 | [Market Perspectives December 14, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8426-market-perspectives-december-14-2017-u-s-grains-and-bioproducts-council.md) | +2.1% | +2.6% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-september-26-2024/
- grains.org: https://grains.org/market_perspectives/market-perspectives-september-26-2024/6/

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