# USDA Grain Stocks & WASDE Shock Markets | Feed & Grain

> USDA's October WASDE lowered 2019/20 U.S. corn ending stocks by 258 million bushels to just under 2 billion, after the September grain stocks report had already surprised the market. Corn domestic use rose to 12.1 billion bushels on higher feed and residual use and exports. Planted area for 2020/21 was also cut by about 1 million acres.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller old-crop carryout and higher feed use tighten U.S. corn supplies and support prices for feed buyers. The planted area cut adds to the case for a firmer new-crop balance sheet.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-09 | [USDA Grain Stocks and WASDE Shock Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/50594-usda-grain-stocks-and-wasde-shock-markets-farm-bureau-intel-markets-american.md) | +3.7% | +7.4% |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2021-06-11 | [WASDE Slashes Corn Ending Stocks \| Feed & Grain](https://feedsoft.ai/events/46506-wasde-slashes-corn-ending-stocks-feed-and-grain.md) | -6.1% | -4.6% |
| CORN | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | -1.8% | -2.6% |
| CORN | 2024-03-16 | [March 8 WASDE shows higher ending stocks, few chan... \| Grain \| NDA News AU](https://feedsoft.ai/events/31136-march-8-wasde-shows-higher-ending-stocks-few-chan-grain-nda-news-au.md) | +0.4% | -6.3% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15388891/usda-grain-stocks-wasde-shock-markets

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