# June WASDE pushes corn over $7/bushel

> The June WASDE slashed 2020/21 U.S. corn ending stocks by 150 million bushels, more than analysts expected, on rising export and ethanol demand. Corn stocks are the tightest since 1995/96, and the USDA kept the season-average farm price at $5.70 per bushel. Robust export inspections in May despite high prices were cited.

- Date: 2021-06-10 · published 2021-06-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/46512-june-wasde-pushes-corn-over-7-bushel
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Tight stocks and strong export demand support higher corn prices, which raise feed grain costs for buyers. The unchanged farm price forecast suggests the market still sees room for further rallies.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-13 | [Corn and Wheat Pop on June WASDE Report \| Hoosier Ag Today](https://feedsoft.ai/events/64484-corn-and-wheat-pop-on-june-wasde-report-hoosier-ag-today.md) | -4.1% | -8.2% |
| CORN | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +4.1% | +4.1% |
| CORN | 2022-06-10 | [June WASDE: More hard red wheat losses push up prices](https://feedsoft.ai/events/40895-june-wasde-more-hard-red-wheat-losses-push-up-prices.md) | -1.2% | -1.0% |
| CORN | 2018-05-10 | [WASDE delivers bullish corn, soybean news](https://feedsoft.ai/events/64967-wasde-delivers-bullish-corn-soybean-news.md) | +0.5% | -2.5% |
| CORN | 2019-06-20 | [June WASDE Report Released](https://feedsoft.ai/events/58536-june-wasde-report-released.md) | +1.9% | -2.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/peanut/june-wasde-pushes-corn-over-7-bushel

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