# USDA Estimate for Soybean Stocks Higher Than Expected | Red River Farm Network

> USDA's Quarterly Grain Stocks report revised 2020 soybean production up 81 million bushels on higher harvested acres, lifting old-crop carryout to 256 million bushels. Corn production was cut 71 million bushels, and corn ending stocks were lowered to 1.24 billion bushels.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/45039-usda-estimate-for-soybean-stocks-higher-than-expected-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The larger soybean carryout is bearish for soybean prices, and the corn production cut partly offsets that pressure on corn.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-12 | [Wheat, Soybean Carryover Larger Than Expected \| Red River Farm Network](https://feedsoft.ai/events/34983-wheat-soybean-carryover-larger-than-expected-red-river-farm-network.md) | -1.9% | -6.0% |
| SOY | 2022-08-12 | [PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks.md) | -12.5% | -12.9% |
| SOY | 2024-08-13 | [S/D Estimates Released \| Red River Farm Network](https://feedsoft.ai/events/28714-s-d-estimates-released-red-river-farm-network.md) | -5.5% | -3.4% |
| SOY | 2024-08-13 | [USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets](https://feedsoft.ai/events/10464-usda-forecasts-record-us-soybean-production-and-higher-stocks-above-market.md) | -5.5% | -3.4% |
| SOY | 2023-05-15 | [Ending Stocks Were Primary Consideration in USDA Report \| Red River Farm Network](https://feedsoft.ai/events/35888-ending-stocks-were-primary-consideration-in-usda-report-red-river-farm-network.md) | -8.9% | -4.3% |
| CORN | 2022-08-12 | [PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks.md) | -0.7% | -1.6% |
| CORN | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | -0.9% | +1.1% |
| CORN | 2024-09-30 | [USDA Report Snapshot: Corn, soybean stocks lighter than expected - Pro Farmer](https://feedsoft.ai/events/28254-usda-report-snapshot-corn-soybean-stocks-lighter-than-expected-pro-farmer.md) | +1.0% | -0.6% |

## Sources

- rrfn.com: https://www.rrfn.com/2021/09/30/usda-estimate-for-soybean-stocks-higher-than-expected/

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