# World Numbers a Bright Spot in USDA Report | Red River Farm Network

> Global Commodity Analytics' Mike Zuzolo said world corn and soybean ending stocks for 2021 came in below the average trade guess in the June USDA report. He added that wheat was the dominant issue in the report.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/52554-world-numbers-a-bright-spot-in-usda-report-red-river-farm-network
- 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-than-expected world corn and soybean stocks offer modest support to feed grain and soymeal prices, while the wheat balance is the larger bearish driver.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-08-12 | [WASDE Report Released \| Red River Farm Network](https://feedsoft.ai/events/17856-wasde-report-released-red-river-farm-network.md) | +3.5% | +11.8% |
| CORN | 2020-09-29 | [USDA’s Approach on Crop Report a ‘Head Scratcher’ \| Red River Farm Network](https://feedsoft.ai/events/51065-usda-s-approach-on-crop-report-a-head-scratcher-red-river-farm-network.md) | +0.3% | +11.2% |
| CORN | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | +2.5% | +11.8% |
| CORN | 2018-06-12 | [June Supply and Demand Report Delivers Positive News \| Red River Farm Network](https://feedsoft.ai/events/64481-june-supply-and-demand-report-delivers-positive-news-red-river-farm-network.md) | -2.1% | -4.6% |
| CORN | 2021-03-03 | [USDA Report: U.S. Dairy Farm Numbers Continue to Decline](https://feedsoft.ai/events/48126-usda-report-u-s-dairy-farm-numbers-continue-to-decline.md) | +4.3% | +3.1% |
| SOY | 2020-09-14 | [A Slight Surprise for Soybeans in Friday’s Report \| Red River Farm Network](https://feedsoft.ai/events/51067-a-slight-surprise-for-soybeans-in-friday-s-report-red-river-farm-network.md) | +3.8% | +6.0% |
| SOY | 2020-09-29 | [USDA’s Approach on Crop Report a ‘Head Scratcher’ \| Red River Farm Network](https://feedsoft.ai/events/51065-usda-s-approach-on-crop-report-a-head-scratcher-red-river-farm-network.md) | +2.5% | +9.2% |
| SOY | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | -2.2% | -4.0% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/06/11/world-numbers-a-bright-spot-in-usda-report/

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