# USDA lifts carryover forecasts for key grain crops | 2020-04-09  | World Grain

> USDA's April WASDE raised 2019-20 ending stocks for wheat, corn and soybeans, all above trade expectations. Wheat carryout rose 30 million bushels to 970 million, corn rose 200 million to 2.092 billion, and soybeans reached 480 million. The corn ethanol-use forecast was cut 375 million bushels because of COVID-19 demand destruction.

- Date: 2020-04-09 · published 2020-04-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/53600-usda-lifts-carryover-forecasts-for-key-grain-crops-2020-04-09-world-grain
- 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

Larger-than-expected US stocks add bearish pressure to grain prices and reduce the premium buyers would pay for near-term feed supply. The ethanol cut also removes a source of DDGS, which may push feed buyers toward meal and other protein.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -2.2% | +6.2% |
| CORN | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -5.3% | -1.0% |
| CORN | 2023-05-18 | [IGC raises forecast for 2023/24 world corn crop](https://feedsoft.ai/events/7840-igc-raises-forecast-for-2023-24-world-corn-crop.md) | +5.6% | +2.2% |
| CORN | 2018-03-09 | [COCERAL forecasts slight increase in E.U. grain output \| World-grain.com \| March 09, 2018 16:05 \| World Grain](https://feedsoft.ai/events/65939-coceral-forecasts-slight-increase-in-e-u-grain-output-world-grain-com-march-09.md) | +1.9% | +4.1% |
| CORN | 2017-12-08 | [E.U. grain crop revised up for 2017-18 \| World-grain.com \| December 08, 2017 15:03 \| World Grain](https://feedsoft.ai/events/67428-e-u-grain-crop-revised-up-for-2017-18-world-grain-com-december-08-2017-15-03.md) | +2.9% | +5.8% |
| SOY | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -0.5% | +5.2% |
| SOY | 2017-12-13 | [USDA bumps U.S. wheat, soybean carryover \| World-grain.com \| December 13, 2017 13:57 \| World Grain](https://feedsoft.ai/events/67418-usda-bumps-u-s-wheat-soybean-carryover-world-grain-com-december-13-2017-13-57.md) | -2.0% | -3.6% |
| SOY | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -2.6% | -2.3% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/13535-usda-lifts-carryover-forecasts-for-key-grain-crops

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