# USDA Reports Summary

> USDA's July Crop Production and WASDE reports lowered 2020 corn production by about 995 million bushels to 15 billion bushels on fewer planted acres. Old-crop carryover rose 145 million bushels, and 2020-21 corn ending stocks fell to 2.648 billion bushels, slightly below the average pre-report estimate.

- Date: 2020-07-10 · published 2020-07-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/52075-usda-reports-summary
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Smaller new-crop production and lower ending stocks are supportive for corn prices and feed costs. The higher old-crop carryover offsets part of the tightening.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-08 | [USDA Reports Summary](https://feedsoft.ai/events/13133-usda-reports-summary.md) | -1.4% | -2.0% |
| CORN | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.8% | +9.0% |
| CORN | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | +0.7% | -7.7% |
| CORN | 2022-02-09 | [USDA Reports Summary](https://feedsoft.ai/events/42673-usda-reports-summary.md) | +0.5% | +15.2% |
| CORN | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.5% | +5.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/07/10/usda-lowers-corn-production-2?referrer=twitter

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