# USDA Grain Stocks and WASDE Shock Markets | Farm Bureau Intel Markets | American Farm Bureau Federation

> The American Farm Bureau outlined how USDA cut 2019/20 corn ending stocks by 258 million bushels and raised feed and residual use. It also described the October WASDE revisions to old-crop and new-crop corn and soybean balance sheets following the September 30 stocks report.

- Date: 2020-10-09 · published 2020-10-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50594-usda-grain-stocks-and-wasde-shock-markets-farm-bureau-intel-markets-american
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower old-crop corn stocks and higher feed use tighten the balance sheet, supporting corn and soybean prices into the new crop year.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -4.2% | -6.0% |
| CORN | 2020-12-03 | [USDA Grain Stocks & WASDE Shock Markets \| Feed & Grain](https://feedsoft.ai/events/49679-usda-grain-stocks-and-wasde-shock-markets-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | +0.4% | +0.3% |
| CORN | 2023-09-13 | [September WASDE: Ringing in 50 Years with Reduced Corn, Soybean Yields and Lower Livestock Production Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/34031-september-wasde-ringing-in-50-years-with-reduced-corn-soybean-yields-and-lower.md) | -7.1% | -5.9% |
| CORN | 2021-02-09 | [Markets take USDA WASDE report in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan.md) | -5.2% | +1.6% |
| SOY | 2023-09-13 | [September WASDE: Ringing in 50 Years with Reduced Corn, Soybean Yields and Lower Livestock Production Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/34031-september-wasde-ringing-in-50-years-with-reduced-corn-soybean-yields-and-lower.md) | -1.2% | -4.5% |
| SOY | 2021-02-09 | [Markets take USDA WASDE report in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan.md) | -0.2% | +3.9% |
| SOY | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | +1.1% | +15.8% |

## Sources

- fb.org: https://www.fb.org/intel/markets/usda-grain-stocks-and-wasde-shock-markets

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