# Rally Continues as USDA WASDE Report Reveals Tighter Stocks

> USDA's October WASDE showed U.S. corn production at 14.722 billion bushels, down 178 million from September, with harvested acres well below trade estimates. Soybean stocks fell more than expected, and world wheat ending stocks unexpectedly rose to a record on a large Russian crop.

- Date: 2020-10-09 · published 2020-10-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/50593-rally-continues-as-usda-wasde-report-reveals-tighter-stocks
- 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

Tighter U.S. corn and soybean supplies and strong China demand support higher futures, while the larger world wheat stocks cap wheat gains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-09 | [USDA’s WASDE report confirms corn stocks are shrinking](https://feedsoft.ai/events/47547-usda-s-wasde-report-confirms-corn-stocks-are-shrinking.md) | +1.1% | +23.4% |
| 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 | 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) | +0.7% | +1.9% |
| CORN | 2022-09-30 | [USDA reports trigger corn rally](https://feedsoft.ai/events/39549-usda-reports-trigger-corn-rally.md) | +1.0% | +3.8% |
| CORN | 2026-07-14 | [Historic Wheat Production Decline, Tighter Corn Supplies Highlight USDA's July WASDE Report - ProAg](https://feedsoft.ai/events/18276-historic-wheat-production-decline-tighter-corn-supplies-highlight-usda-s-july.md) | +2.0% | -0.6% |
| SOY | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +2.8% | +0.8% |
| 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% |
| SOY | 2021-02-09 | [WASDE Sees Corn Stocks Decline; Beans Rally on Tightening Supplies](https://feedsoft.ai/events/48586-wasde-sees-corn-stocks-decline-beans-rally-on-tightening-supplies.md) | -0.2% | +3.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/10/09/rally-continues-usda-wasde-report

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