# Will newfound supplies threaten corn, soy profits?

> A Farm Futures analyst reviewed the September Quarterly Grain Stocks report, which found 81 million more bushels of old-crop soybeans than expected. The report also showed corn and soybean usage rates, which were not fully captured in the headline numbers. The analysis looks ahead to the October WASDE.

- Date: 2021-10-06 · published 2021-10-06T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/44604-will-newfound-supplies-threaten-corn-soy-profits
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher-than-expected old-crop stocks suggest less tightness in corn and soybean supplies, which pressures prices for new-crop deliveries. The effect on farm margins depends on how usage trends develop.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-11-08 | [WASDE Preview: Watch for larger U.S. corn, soy supplies](https://feedsoft.ai/events/44071-wasde-preview-watch-for-larger-u-s-corn-soy-supplies.md) | +3.5% | +5.8% |
| SOY | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +1.5% | -1.1% |
| SOY | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +2.0% | -1.2% |
| SOY | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +0.9% | +1.9% |
| SOY | 2018-09-12 | [USDA anticipates bigger U.S. corn, soybean supplies - Brownfield Ag News](https://feedsoft.ai/events/62986-usda-anticipates-bigger-u-s-corn-soybean-supplies-brownfield-ag-news.md) | -0.8% | +5.2% |
| CORN | 2021-11-08 | [WASDE Preview: Watch for larger U.S. corn, soy supplies](https://feedsoft.ai/events/44071-wasde-preview-watch-for-larger-u-s-corn-soy-supplies.md) | +5.9% | +8.0% |
| CORN | 2017-11-14 | [This Week: With More Corn, More Cattle Supplies Ahead - Hi-Pro Feeds](https://feedsoft.ai/events/6096-this-week-with-more-corn-more-cattle-supplies-ahead-hi-pro-feeds.md) | +0.2% | +3.1% |
| CORN | 2023-05-17 | [Corn prices fall as supplies expected to increase](https://feedsoft.ai/events/5013-corn-prices-fall-as-supplies-expected-to-increase.md) | +2.4% | +0.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/grapes/will-newfound-supplies-threaten-corn-soy-profits-

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