# Corn debunks bearish expectations on smaller 2019 crop

> USDA's June WASDE report lowered 2019/20 corn production by 45 million bushels and cut corn-for-ethanol use by 50 million bushels, leaving old-crop stocks at 2.103 billion bushels. Soybean new-crop ending stocks fell 10 million bushels to 395 million, while global wheat stocks rose to a record 11.6 billion bushels.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/52552-corn-debunks-bearish-expectations-on-smaller-2019-crop
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soybean carryout supports soybean and soymeal prices for feed buyers, while record global wheat stocks are bearish for wheat and wheat-based feed ingredients. Corn futures rose modestly after the report on the tighter balance.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-02-10 | [USDA Defies Expectations by Lowering Corn Ending Stocks](https://feedsoft.ai/events/20544-usda-defies-expectations-by-lowering-corn-ending-stocks.md) | +0.7% | +1.9% |
| CORN | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +1.1% | -0.6% |
| CORN | 2022-10-05 | [Pro Farmer Crop Estimates Far Below USDA Expectations - AgWeb](https://feedsoft.ai/events/13325-pro-farmer-crop-estimates-far-below-usda-expectations-agweb.md) | +0.9% | +1.2% |
| CORN | 2023-08-25 | [Pro Farmer Crop Estimates Below USDA Expectations - Farm Journal](https://feedsoft.ai/events/13259-pro-farmer-crop-estimates-below-usda-expectations-farm-journal.md) | -2.2% | -9.0% |
| CORN | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.0% | +1.9% |
| SOY | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +0.7% | -3.3% |
| SOY | 2021-05-12 | [New-Crop December Corn Falters on Bearish WASDE; Soybeans Maintain Strong Gains](https://feedsoft.ai/events/7468-new-crop-december-corn-falters-on-bearish-wasde-soybeans-maintain-strong-gains.md) | -3.9% | -4.6% |
| SOY | 2022-10-05 | [Pro Farmer Crop Estimates Far Below USDA Expectations - AgWeb](https://feedsoft.ai/events/13325-pro-farmer-crop-estimates-far-below-usda-expectations-agweb.md) | -0.5% | +3.8% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/corn-debunks-bearish-expectations-on-smaller-2019-crop

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