# June USDA report on par with trade expectations | 2020-06-11  | Agri-Pulse Communications, Inc.

> USDA's June WASDE raised 2020/21 beginning corn stocks to 2.1 billion bushels and ending stocks to 3.32 billion, slightly under the trade's 3.36 billion expectation. Corn used for ethanol was cut by 50 million bushels, and soybean 2020/21 ending stocks fell to 395 million bushels.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/52553-june-usda-report-on-par-with-trade-expectations-2020-06-11-agri-pulse
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

The ethanol cut signals weak fuel demand from the pandemic, which keeps corn demand soft, while lower soybean carryout is mildly supportive for soy complex prices. Traders showed little reaction, so the net price effect is limited.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-10 | [Markets breathe easy with neutral WASDE report \| 2020-01-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55019-markets-breathe-easy-with-neutral-wasde-report-2020-01-10-agri-pulse.md) | -1.0% | -0.7% |
| CORN | 2022-02-24 | [USDA sees bigger soy production, exports and crush for 2022-23 \| 2022-02-24 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/42780-usda-sees-bigger-soy-production-exports-and-crush-for-2022-23-2022-02-24-agri.md) | +6.5% | +12.3% |
| CORN | 2019-08-30 | [Trade mitigation payments boost farm income \| 2019-08-30  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57599-trade-mitigation-payments-boost-farm-income-2019-08-30-agri-pulse.md) | -2.4% | +1.4% |
| CORN | 2021-06-10 | [Minor changes in June WASDE, traders turn attention to dry weather  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/46507-minor-changes-in-june-wasde-traders-turn-attention-to-dry-weather-agri-pulse.md) | -1.8% | -2.6% |
| CORN | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | +0.0% | -0.3% |
| SOY | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | +4.4% | +11.9% |
| SOY | 2021-02-05 | [US sets new record for ag exports to China in 2020 \| 2021-02-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48476-us-sets-new-record-for-ag-exports-to-china-in-2020-2021-02-05-agri-pulse.md) | -0.4% | +4.5% |
| SOY | 2019-09-12 | [USDA lowers corn, soybean yield estimates \| 2019-09-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/10852-usda-lowers-corn-soybean-yield-estimates-2019-09-12-agri-pulse-communications.md) | +4.1% | +8.2% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/13878-june-usda-report-on-par-with-trade-expectations

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