# USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg

> USDA raised U.S. old-crop corn, soybean and wheat ending stocks in the June WASDE, with corn up 35 million bushels and soybeans up 15 million. Wheat stocks rose 6 million bushels to 562 million on a higher winter wheat production estimate. Brazil's corn estimate was raised, while Brazil and Argentina soybean and Argentina corn outlooks were lowered.

- Date: 2023-06-12 · published 2023-06-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35444-usda-increases-corn-soybean-wheat-ending-stocks-proag
- 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

Larger stock projections across three grains signal ample supply, which is generally bearish for feed grain prices. Lower South American soybean outlooks partly offset this for soybean meal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-01-12 | [USDA increases U.S. corn, soybean, wheat ending stocks estimates - Brownfield Ag News](https://feedsoft.ai/events/66935-usda-increases-u-s-corn-soybean-wheat-ending-stocks-estimates-brownfield-ag-news.md) | +1.7% | +3.5% |
| CORN | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.6% | -0.6% |
| CORN | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -8.8% | -9.3% |
| CORN | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -6.6% | -4.5% |
| CORN | 2018-10-12 | [USDA raises corn, soybean and wheat ending stocks estimates \| 2018-10-12  \| World Grain](https://feedsoft.ai/events/62480-usda-raises-corn-soybean-and-wheat-ending-stocks-estimates-2018-10-12-world.md) | +2.4% | +3.2% |
| SOY | 2018-01-12 | [USDA increases U.S. corn, soybean, wheat ending stocks estimates - Brownfield Ag News](https://feedsoft.ai/events/66935-usda-increases-u-s-corn-soybean-wheat-ending-stocks-estimates-brownfield-ag-news.md) | +3.9% | +4.5% |
| SOY | 2018-07-17 | [Soybean ending stocks increase for 2018-19](https://feedsoft.ai/events/64003-soybean-ending-stocks-increase-for-2018-19.md) | +2.2% | +2.9% |
| SOY | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -8.9% | -4.3% |

## Sources

- proag.com: https://www.proag.com/news/usda-increases-corn-soybean-wheat-ending-stocks/

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