# Feb WASDE Stocks-to-Use Ratios for Major Crops

> DTN analysis shows US corn stocks of 1.267 billion bushels are the lowest since 2013, with a stocks-to-use ratio of 9.1%. Soybean and wheat stocks-to-use ratios of 5.2% and 29.9% are also well below their 2000-2023 averages.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37266-feb-wasde-stocks-to-use-ratios-for-major-crops
- 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

Historically low stocks-to-use ratios signal tight supplies that support higher prices for feed grains and oilseeds. Expectations of larger 2023/24 stocks could ease this if acreage and yields recover.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-03 | [USDA Grain Stocks & WASDE Shock Markets \| Feed & Grain](https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2021-06-11 | [Old-Crop Corn Stocks Surprise of WASDE Report \| Feed & Grain](https://feedsoft.ai/events/46505-old-crop-corn-stocks-surprise-of-wasde-report-feed-and-grain.md) | -6.1% | -4.6% |
| CORN | 2025-05-13 | [Record Crops, Tight Stocks - Mecardo](https://feedsoft.ai/events/24632-record-crops-tight-stocks-mecardo.md) | +2.3% | -0.9% |
| CORN | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.0% | +1.9% |
| CORN | 2026-07-10 | [USDA Makes Friendly Cut to Corn Stocks in WASDE, as Weather Threats Loom - AgWeb](https://feedsoft.ai/events/18280-usda-makes-friendly-cut-to-corn-stocks-in-wasde-as-weather-threats-loom-agweb.md) | +2.1% | +0.8% |
| SOY | 2025-05-12 | [USDA May report: Record corn crop, tight soybean stocks for 2025-26](https://feedsoft.ai/events/24608-usda-may-report-record-corn-crop-tight-soybean-stocks-for-2025-26.md) | +0.6% | +1.1% |
| SOY | 2022-06-10 | [USDA Sees Smaller Soybean Stocks for Old and New Crops](https://feedsoft.ai/events/40896-usda-sees-smaller-soybean-stocks-for-old-and-new-crops.md) | -3.4% | -7.2% |
| SOY | 2026-07-10 | [USDA Makes Friendly Cut to Corn Stocks in WASDE, as Weather Threats Loom - AgWeb](https://feedsoft.ai/events/18280-usda-makes-friendly-cut-to-corn-stocks-in-wasde-as-weather-threats-loom-agweb.md) | +1.3% | -1.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/fundamentally-speaking/blog-post/2023/02/16/feb-wasde-stocks-use-ratios-major

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