# Shrinking global supplies - Brownfield Ag News

> USDA's December WASDE showed global ending stocks shrinking in every category, according to CHS Hedging analyst Kent Beadle. The soybean carryout was cut again even though exports were unchanged, and he suggested USDA may wait until January to revise further.

- Date: 2020-12-14 · published 2020-12-14T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/49578-shrinking-global-supplies-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter global carryouts across grains and soybeans support prices and reduce the cushion for feed buyers. Further cuts in January would add to the bullish case.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-12 | [USDA numbers support soybeans - Brownfield Ag News](https://feedsoft.ai/events/11023-usda-numbers-support-soybeans-brownfield-ag-news.md) | +6.7% | +4.7% |
| SOY | 2019-07-11 | [Wheat leads on USDA supply, demand changes - Brownfield Ag News](https://feedsoft.ai/events/58152-wheat-leads-on-usda-supply-demand-changes-brownfield-ag-news.md) | -1.2% | -5.0% |
| SOY | 2020-03-19 | [USDA FAS sees rising soybean demand for China - Brownfield Ag News](https://feedsoft.ai/events/54127-usda-fas-sees-rising-soybean-demand-for-china-brownfield-ag-news.md) | +6.8% | +1.4% |
| SOY | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.1% | -3.2% |
| SOY | 2019-05-23 | [USDA: China buys U.S. soybeans, pork - Brownfield Ag News](https://feedsoft.ai/events/58948-usda-china-buys-u-s-soybeans-pork-brownfield-ag-news.md) | +7.3% | +10.5% |
| CORN | 2018-11-08 | [Big changes in U.S. soybean stocks, global corn - Brownfield Ag News](https://feedsoft.ai/events/61982-big-changes-in-u-s-soybean-stocks-global-corn-brownfield-ag-news.md) | -6.8% | -0.4% |
| CORN | 2023-04-19 | [Ethanol production, supply climb - Brownfield Ag News](https://feedsoft.ai/events/36393-ethanol-production-supply-climb-brownfield-ag-news.md) | -1.0% | -8.5% |
| CORN | 2018-07-12 | [Corn, wheat supported by ending stocks - Brownfield Ag News](https://feedsoft.ai/events/64000-corn-wheat-supported-by-ending-stocks-brownfield-ag-news.md) | +2.9% | +12.0% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/managing_profit/shrinking-global-supplies/

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