# February 2021 WASDE: Corn tumbles on reduced global consumption

> USDA's February 2021 WASDE raised U.S. corn exports, reflecting Chinese and unknown buyers' purchases of about 260 million bushels of old-crop sales in the past month. Corn ending stocks fell to 1.502 billion bushels, above the 1.392 billion trade average. Corn futures dropped over 1% after the report, and wheat fell 1% on higher global supplies.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/48590-february-2021-wasde-corn-tumbles-on-reduced-global-consumption
- 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

Strong Chinese buying supports U.S. corn exports, but higher global wheat supplies and the cut in U.S. ending stocks shape the price outlook for feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-04-02 | [February corn consumption declines 6% year-over-year](https://feedsoft.ai/events/25210-february-corn-consumption-declines-6-year-over-year.md) | +1.0% | +2.5% |
| CORN | 2024-02-15 | [Global pork production slows, but feed prices and consumption trends offer hope - Pig World](https://feedsoft.ai/events/31663-global-pork-production-slows-but-feed-prices-and-consumption-trends-offer-hope.md) | +0.3% | +4.4% |
| CORN | 2023-02-02 | [Grain Transportation Report, February 2, 2023](https://feedsoft.ai/events/16648-grain-transportation-report-february-2-2023.md) | +1.5% | -4.0% |
| CORN | 2024-02-29 | [Grain Transportation Report, February 29, 2024](https://feedsoft.ai/events/16567-grain-transportation-report-february-29-2024.md) | +3.7% | +3.8% |
| CORN | 2024-02-01 | [Grain Transportation Report, February 1, 2024](https://feedsoft.ai/events/31832-grain-transportation-report-february-1-2024.md) | -4.7% | -6.6% |
| SOY | 2023-02-08 | [USDA Releases February Crop Production, WASDE Reports](https://feedsoft.ai/events/37262-usda-releases-february-crop-production-wasde-reports.md) | +1.5% | +0.8% |
| SOY | 2023-10-12 | [WASDE Reduces Corn and Soy Production More Than Expected](https://feedsoft.ai/events/33584-wasde-reduces-corn-and-soy-production-more-than-expected.md) | +4.7% | +7.7% |
| SOY | 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) | +2.1% | +6.9% |

## Sources

- farmprogress.com: https://www.farmprogress.com/management/february-2021-wasde-corn-tumbles-on-reduced-global-consumption

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