# USDA Slightly Lowers US Corn Ending Stocks

> USDA lowered US corn ending stocks by 50 million bushels to 2.122 billion, citing higher-than-expected ethanol use. Soybean production in Brazil and Argentina was left unchanged, and Argentine corn was trimmed by 1 million tonnes. DTN analysts called the US soybean stocks estimate bearish and the corn and wheat estimates slightly bearish.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30673-usda-slightly-lowers-us-corn-ending-stocks
- 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

Smaller corn stocks from stronger ethanol use provide modest support, but the higher soybean and wheat stocks outweigh it. Feed buyers should see soft soybean and wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-12 | [USDA Increases 2024 Corn Production and Demand, Lowers Ending Stocks](https://feedsoft.ai/events/28712-usda-increases-2024-corn-production-and-demand-lowers-ending-stocks.md) | -1.6% | +1.4% |
| CORN | 2026-04-01 | [USDA leaves U.S. soybean, corn, wheat ending stocks unchanged](https://feedsoft.ai/events/20192-usda-leaves-u-s-soybean-corn-wheat-ending-stocks-unchanged.md) | -1.7% | +1.5% |
| CORN | 2021-07-13 | [USDA raises U.S. soybean ending stocks, corn unchanged - UkrAgroConsult](https://feedsoft.ai/events/46003-usda-raises-u-s-soybean-ending-stocks-corn-unchanged-ukragroconsult.md) | -10.7% | -12.3% |
| CORN | 2025-02-11 | [USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady](https://feedsoft.ai/events/25987-usda-defies-expectations-holds-corn-and-soybean-ending-stocks-steady.md) | +1.4% | -5.7% |
| CORN | 2016-12-09 | [USDA leaves U.S. corn, soybean, wheat ending stocks unchanged - Brownfield Ag News](https://feedsoft.ai/events/73425-usda-leaves-u-s-corn-soybean-wheat-ending-stocks-unchanged-brownfield-ag-news.md) | +2.4% | +0.4% |
| SOY | 2018-02-08 | [USDA Lowers Corn Stocks, Prices Rise](https://feedsoft.ai/events/10009-usda-lowers-corn-stocks-prices-rise.md) | +3.5% | +7.2% |
| SOY | 2025-07-11 | [USDA Lowers New-Crop Corn Ending Stocks More Than Expected in Latest WASDE.](https://feedsoft.ai/events/23706-usda-lowers-new-crop-corn-ending-stocks-more-than-expected-in-latest-wasde.md) | +0.9% | -4.0% |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks, raises soybean \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-iowa-agribusiness-radio-network.md) | -2.1% | -3.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/04/11/usda-releases-april-crop-production

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