# Demand & supply heading for a mismatch - StockCo Australia

> The June WASDE was broadly neutral for markets, with USDA raising world wheat output about 1% on stronger South American production. USDA also projects a record US feed grain crop, up 5% on last year, with US corn driving most of the increase.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52592-demand-and-supply-heading-for-a-mismatch-stockco-australia
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A projected record US corn crop, combined with weak feed demand from African swine fever and lower ethanol demand, points to low feed grain prices into next year.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-07-18 | [Grain Supply and Demand report sends grain prices falling](https://feedsoft.ai/events/7417-grain-supply-and-demand-report-sends-grain-prices-falling.md) | +5.9% | +1.7% |
| CORN | 2018-12-12 | [USDA Release Latest Supply and Demand Estimates -](https://feedsoft.ai/events/61687-usda-release-latest-supply-and-demand-estimates.md) | +1.1% | +1.4% |
| CORN | 2017-08-10 | [Breaking down the USDA Supply and Demand report \| NEWSRADIO 1040 WHO](https://feedsoft.ai/events/69396-breaking-down-the-usda-supply-and-demand-report-newsradio-1040-who.md) | -4.5% | -6.5% |
| CORN | 2026-04-20 | [Higher US grain stocks increase demand for transportation \| World Grain](https://feedsoft.ai/events/16374-higher-us-grain-stocks-increase-demand-for-transportation-world-grain.md) | +1.2% | +2.9% |
| CORN | 2020-08-25 | [Growing demand for corn, soybeans driving up prices \| Feed Strategy](https://feedsoft.ai/events/51666-growing-demand-for-corn-soybeans-driving-up-prices-feed-strategy.md) | +3.0% | +8.9% |
| WHEAT | 2026-08-31 | [Australia Raises Wheat Crop Forecast as Export Demand Picks Up \| Stock Market News](https://feedsoft.ai/events/17876-australia-raises-wheat-crop-forecast-as-export-demand-picks-up-stock-market-news.md) | +2.2% | +6.1% |
| WHEAT | 2022-06-02 | [Australia set for 3rd year of bumper wheat harvests, easing world supply woes](https://feedsoft.ai/events/40891-australia-set-for-3rd-year-of-bumper-wheat-harvests-easing-world-supply-woes.md) | +0.1% | +0.7% |
| WHEAT | 2022-05-31 | [Australia heading for third bumper crop on record plantings - The Business Times](https://feedsoft.ai/events/41379-australia-heading-for-third-bumper-crop-on-record-plantings-the-business-times.md) | -1.4% | -1.3% |

## Sources

- stockco.com.au: https://stockco.com.au/demand-and-supply-heading-for-a-mismatch-stockco/

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