# WASDE Sees Corn Stocks Decline; Beans Rally on Tightening Supplies

> USDA's February WASDE report left 2020/21 U.S. corn ending stocks at 1.502 billion bushels after raising exports only 50 million bushels, well below the roughly 160 million expected. Soybean ending stocks came in at 120 million bushels, the lowest since 2013-14. March corn had set a new contract high before the report and then broke lower.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/48586-wasde-sees-corn-stocks-decline-beans-rally-on-tightening-supplies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The smaller export increase left U.S. corn supplies looser than traders expected, which pressured corn prices. Tight soybean stocks support soybean and soymeal prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-11-08 | [WASDE Report Reflects Tightening Corn Supplies, but Falling Demand - ProAg](https://feedsoft.ai/events/56019-wasde-report-reflects-tightening-corn-supplies-but-falling-demand-proag.md) | +0.0% | -0.3% |
| CORN | 2025-09-16 | [Corn Rallies on WASDE Yield Cut; Wheat Stocks Diverge \| CZ app](https://feedsoft.ai/events/6856-corn-rallies-on-wasde-yield-cut-wheat-stocks-diverge-cz-app.md) | -0.3% | -2.6% |
| CORN | 2019-01-29 | [The seasonal decline in supply raises prices on corn](https://feedsoft.ai/events/61121-the-seasonal-decline-in-supply-raises-prices-on-corn.md) | -0.4% | +0.0% |
| CORN | 2022-12-12 | [U.S. corn stocks rise in December WASDE](https://feedsoft.ai/events/38187-u-s-corn-stocks-rise-in-december-wasde.md) | +1.6% | +2.6% |
| CORN | 2026-10-11 | [Cattle futures rally on bullish WASDE corn surprise](https://feedsoft.ai/events/17198-cattle-futures-rally-on-bullish-wasde-corn-surprise.md) | -0.7% | -3.7% |
| SOY | 2020-10-09 | [Soybeans rally on tight new crop ending stocks](https://feedsoft.ai/events/50665-soybeans-rally-on-tight-new-crop-ending-stocks.md) | +1.2% | +4.9% |
| SOY | 2026-07-14 | [Historic Wheat Production Decline, Tighter Corn Supplies Highlight USDA's July WASDE Report - ProAg](https://feedsoft.ai/events/18276-historic-wheat-production-decline-tighter-corn-supplies-highlight-usda-s-july.md) | +2.0% | -3.7% |
| SOY | 2022-02-10 | [WASDE update: Soybeans rally on tighter balance \| articles \| ING THINK](https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think.md) | -0.5% | +6.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/02/09/wasde-sees-corn-stocks-decline-beans

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