# USDA’s WASDE report confirms corn stocks are shrinking

> USDA's April WASDE cut 2020/21 US corn ending stocks by 150 million bushels to 1.352 billion, while raising corn exports 75 million bushels to a record 2.675 billion. Wheat stocks rose to 852 million bushels and soybean stocks held at 120 million. Corn futures gained about 1% after the report.

- Date: 2021-04-09 · published 2021-04-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/47547-usda-s-wasde-report-confirms-corn-stocks-are-shrinking
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter US corn stocks driven by record export demand, especially from Southeast Asia and China, support corn prices and reduce the cushion for feed buyers. The slightly higher wheat stocks are a modest offset.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | -1.8% | -2.6% |
| CORN | 2026-02-10 | [USDA cuts corn stocks 100M bushels in February WASDE report](https://feedsoft.ai/events/20547-usda-cuts-corn-stocks-100m-bushels-in-february-wasde-report.md) | +0.7% | +1.9% |
| CORN | 2020-10-09 | [Rally Continues as USDA WASDE Report Reveals Tighter Stocks](https://feedsoft.ai/events/50593-rally-continues-as-usda-wasde-report-reveals-tighter-stocks.md) | +3.7% | +7.4% |
| CORN | 2025-04-11 | [WASDE Report Cuts Corn Ending Stocks More Than Expected - ProAg](https://feedsoft.ai/events/25066-wasde-report-cuts-corn-ending-stocks-more-than-expected-proag.md) | +1.7% | -4.0% |
| CORN | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +3.1% | -3.3% |
| SOY | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +2.0% | +7.6% |
| SOY | 2020-05-12 | [WASDE report shows new crop ending stocks shrinking, corn stocks rising - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53058-wasde-report-shows-new-crop-ending-stocks-shrinking-corn-stocks-rising-agweek-1.md) | -0.9% | +1.3% |
| SOY | 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) | -13.9% | -9.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/corn/usda-s-wasde-report-confirms-corn-stocks-are-shrinking

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