# Lower-than-expected corn export estimate headlines ho-hum USDA report - RealAgriculture

> USDA's February supply and demand report had no major surprises but a slightly bearish tone because of a lower-than-expected U.S. corn export estimate. Corn ending stocks were cut 50 million bushels to 1.502 billion, still about 100 million above trade expectations. Soybean ending stocks of 120 million bushels were in line with analysts' projections.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48587-lower-than-expected-corn-export-estimate-headlines-ho-hum-usda-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Corn and wheat futures closed lower on the export surprise, while soybeans rose on tighter stocks. Feed buyers should expect firm soybean meal support and softer corn values.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-08-12 | [USDA Ups 2025 Corn Production More Than Expected in Latest Crop Production Report](https://feedsoft.ai/events/23262-usda-ups-2025-corn-production-more-than-expected-in-latest-crop-production.md) | +0.0% | +4.3% |
| CORN | 2020-07-10 | [U.S. Corn, Soybean Yield Estimates Unchanged, USDA Reports](https://feedsoft.ai/events/11494-u-s-corn-soybean-yield-estimates-unchanged-usda-reports.md) | -4.9% | -7.5% |
| CORN | 2022-04-08 | [PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/41798-pf-report-reaction-u-s-corn-wheat-ending-stocks-higher-than-expected-pro-farmer.md) | -0.7% | -6.4% |
| CORN | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -0.3% |
| CORN | 2022-01-12 | [USDA World Agricultural Supply and Demand Estimates January Report \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/43265-usda-world-agricultural-supply-and-demand-estimates-january-report-the-mighty.md) | -2.6% | +3.6% |
| SOY | 2025-08-12 | [USDA Ups 2025 Corn Production More Than Expected in Latest Crop Production Report](https://feedsoft.ai/events/23262-usda-ups-2025-corn-production-more-than-expected-in-latest-crop-production.md) | +3.2% | +2.2% |
| SOY | 2025-05-12 | [USDA Reduces Old Crop Corn Ending Stocks, Pegs New Crop Lower Than Expected](https://feedsoft.ai/events/24606-usda-reduces-old-crop-corn-ending-stocks-pegs-new-crop-lower-than-expected.md) | +0.6% | +1.1% |
| SOY | 2025-04-10 | [USDA Lowers Corn Ending Stocks More Than Expected, Providing Market Support](https://feedsoft.ai/events/25063-usda-lowers-corn-ending-stocks-more-than-expected-providing-market-support.md) | +2.6% | +2.4% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2021/02/lower-than-expected-corn-export-estimate-headlines-ho-hum-usda-report/

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