# Corn Declines After U.S. Cuts Supply Outlook Less Than Forecast - Bloomberg

> Corn futures fell from a seven-year high after the USDA trimmed its domestic ending-stock estimate by less than expected. The agency cut its current-season ending-stock outlook to 1.5 billion bushels following record Chinese buying.

- Date: 2021-02-08 · published 2021-02-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48654-corn-declines-after-u-s-cuts-supply-outlook-less-than-forecast-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller-than-expected inventory cut removes some of the supply tightening that had lifted prices, so corn prices eased back from highs. Chinese demand remains the main support for the market.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-19 | [Outlook Forecasts Larger Corn, Soybean Crops for 2021](https://feedsoft.ai/events/48482-outlook-forecasts-larger-corn-soybean-crops-for-2021.md) | +0.6% | -5.3% |
| CORN | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +0.4% | +0.2% |
| CORN | 2023-07-14 | [Brazil lifts grain output forecast on better second-corn outlook – Conab](https://feedsoft.ai/events/13637-brazil-lifts-grain-output-forecast-on-better-second-corn-outlook-conab.md) | -6.9% | -11.1% |
| CORN | 2019-12-18 | [U.S. Farm Income Outlook: November 2019 Forecast](https://feedsoft.ai/events/55428-u-s-farm-income-outlook-november-2019-forecast.md) | -0.1% | -1.9% |
| CORN | 2022-07-12 | [Losses deepen after USDA raises supply outlook, trims some demand \| Financial Post](https://feedsoft.ai/events/6832-losses-deepen-after-usda-raises-supply-outlook-trims-some-demand-financial-post.md) | -13.6% | -16.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-02-08/corn-and-soy-bulls-look-to-new-u-s-forecast-to-sustain-sizzle

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