# Grain prices soar on bullish USDA reports

> Corn, soybean and wheat futures posted double-digit gains right after the January WASDE and Grain Stocks reports. The USDA cut 2020 corn yields to 172 bushels per acre, below the trade guess of 175.3, and lowered global soybean and corn ending stocks.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports
- 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

Lower U.S. and South American output and lower corn stocks point to higher feed grain and meal costs for buyers. The sharp move shows the market treating the report as a major supply shock.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-07-13 | [USDA report brings some grain price relief \| NSW](https://feedsoft.ai/events/10876-usda-report-brings-some-grain-price-relief-nsw.md) | +7.6% | +2.1% |
| CORN | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | +4.1% | +5.9% |
| CORN | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | -2.1% | +1.5% |
| CORN | 2023-10-13 | [What Was So Bullish About the October USDA Reports? - AgWeb](https://feedsoft.ai/events/33586-what-was-so-bullish-about-the-october-usda-reports-agweb.md) | +0.2% | -3.5% |
| CORN | 2023-10-13 | [Soybeans Soar on USDA WASDE Bullish Yield and Stocks Data, Grains Follow](https://feedsoft.ai/events/33585-soybeans-soar-on-usda-wasde-bullish-yield-and-stocks-data-grains-follow.md) | +0.2% | -3.5% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2021-11-13 | [GRAIN  PRICE WEEKLY REPORT](https://feedsoft.ai/events/7052-grain-price-weekly-report.md) | +2.4% | +0.8% |
| SOY | 2025-08-13 | [USDA crop report: Corn yields soar, soybean prices rise](https://feedsoft.ai/events/23278-usda-crop-report-corn-yields-soar-soybean-prices-rise.md) | +0.1% | -0.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/grain-prices-soar-on-bullish-usda-reports

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