# Grain Market Surprised at Higher Ending Stock Estimates | Red River Farm Network

> Analysts surveyed before the May USDA report expected U.S. corn ending stocks to be about 77 million bushels lower than the prior month. A Wall Street Journal survey of 20 firms put old-crop corn stocks at 1.26 billion bushels and soybean stocks at 118 million.

- Date: 2021-05-07 · published 2021-05-07T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/47040-grain-market-surprised-at-higher-ending-stock-estimates-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Pre-report expectations for tighter old-crop stocks had supported prices, so the market's surprise at higher-than-expected stocks points to downward price pressure on corn.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-10-01 | [A Bearish Surprise \| Red River Farm Network](https://feedsoft.ai/events/17069-a-bearish-surprise-red-river-farm-network.md) | -1.2% | -6.7% |
| CORN | 2021-05-12 | [Grain Traders Already Questioning USDA’s WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/47041-grain-traders-already-questioning-usda-s-wasde-report-red-river-farm-network.md) | -7.8% | -3.3% |
| CORN | 2026-01-13 | [Corn sinks to 3-month low after USDA surprises market with supply estimates \| Stock Market News](https://feedsoft.ai/events/7090-corn-sinks-to-3-month-low-after-usda-surprises-market-with-supply-estimates.md) | +0.6% | +1.4% |
| CORN | 2024-10-11 | [WASDE surprises with higher wheat stocks than expected - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/27803-wasde-surprises-with-higher-wheat-stocks-than-expected-agweek-1-source-for.md) | -1.8% | +0.9% |
| CORN | 2025-10-01 | [Grain markets pressured by harvest and rising stocks \| Saxo](https://feedsoft.ai/events/22425-grain-markets-pressured-by-harvest-and-rising-stocks-saxo.md) | +1.4% | +2.3% |

## Sources

- rrfn.com: https://www.rrfn.com/2021/05/07/grain-market-surprised-at-higher-ending-stock-estimates/

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