# USDA Kicks Can Down the Road on Corn Ending Stocks | Radio 570 WNAX

> The February WASDE was broadly benign, but bulls expecting changes in corn and soybean demand were disappointed. U.S. corn ending stocks of 1.502 billion bushels came in nearly 140 million above trade estimates. Soybean ending stocks fell 20 million bushels to 120 million on higher exports, and world wheat stocks were cut 9 million tonnes to 304.2 million.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48589-usda-kicks-can-down-the-road-on-corn-ending-stocks-radio-570-wnax
- 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

The corn stocks surprise is bearish for corn prices, and tighter soybean and world wheat stocks support those markets.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.6% | -0.6% |
| CORN | 2023-06-12 | [USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg](https://feedsoft.ai/events/35444-usda-increases-corn-soybean-wheat-ending-stocks-proag.md) | +6.8% | -3.2% |
| CORN | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -6.6% | -4.5% |
| CORN | 2020-04-09 | [April WASDE Shows Increased U.S. Ending Stocks, Mixed World Stocks \| Radio 570 WNAX](https://feedsoft.ai/events/53605-april-wasde-shows-increased-u-s-ending-stocks-mixed-world-stocks-radio-570-wnax.md) | -5.5% | -6.4% |
| CORN | 2018-08-10 | [USDA raises new crop U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/63479-usda-raises-new-crop-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -7.5% | -9.1% |
| SOY | 2023-03-08 | [USDA Trims Soybean Ending Stocks, Bumps Up Corn](https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn.md) | -1.7% | -0.5% |
| SOY | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | -1.0% | -4.9% |
| SOY | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |

## Sources

- wnax.com: https://wnax.com/news/180081-usda-kicks-can-down-the-road-on-corn-ending-stocks/

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