# USDA raises corn, soy, wheat supply outlook - Country Guide

> The USDA raised its outlook for US corn, soybean and wheat ending stocks in its April report. Corn ethanol use was cut to 5.05 billion bushels as fuel demand fell during the coronavirus outbreak. Wheat and soybean carryouts rose on weaker export demand.

- Date: 2020-04-09 · published 2020-04-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/53601-usda-raises-corn-soy-wheat-supply-outlook-country-guide
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Stocks above trade estimates signal ample domestic supply and weaker export demand, which is bearish for futures. Lower ethanol grind also reduces DDGS supply for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-11 | [USDA Raises Corn Inventories Outlook Beyond Expectations](https://feedsoft.ai/events/61507-usda-raises-corn-inventories-outlook-beyond-expectations.md) | +0.4% | +1.2% |
| CORN | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +1.4% | +2.3% |
| CORN | 2022-06-10 | [U.S. cuts soy supply outlook, raises corn, wheat stocks view in June WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/40893-u-s-cuts-soy-supply-outlook-raises-corn-wheat-stocks-view-in-june-wasde-agweek.md) | -1.2% | -1.0% |
| CORN | 2025-01-22 | [2025 Corn, Soybean, and Wheat Outlook \| CAES Field Report](https://feedsoft.ai/events/26478-2025-corn-soybean-and-wheat-outlook-caes-field-report.md) | -0.8% | +3.8% |
| CORN | 2020-04-13 | [USDA report: Larger U.S. corn, soy, wheat stocks](https://feedsoft.ai/events/53602-usda-report-larger-u-s-corn-soy-wheat-stocks.md) | -5.4% | -6.1% |
| SOY | 2022-02-24 | [USDA cuts corn, raises soy and wheat acreage for 2022](https://feedsoft.ai/events/13389-usda-cuts-corn-raises-soy-and-wheat-acreage-for-2022.md) | +0.1% | +2.6% |
| SOY | 2025-01-22 | [2025 Corn, Soybean, and Wheat Outlook \| CAES Field Report](https://feedsoft.ai/events/26478-2025-corn-soybean-and-wheat-outlook-caes-field-report.md) | -2.1% | -3.3% |
| SOY | 2026-08-12 | [USDA Lowers Corn, Wheat and Cattle Outlooks in August WASDE - RFD](https://feedsoft.ai/events/17855-usda-lowers-corn-wheat-and-cattle-outlooks-in-august-wasde-rfd.md) | +4.6% | +12.9% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/usda-raises-corn-soy-wheat-supply-outlook/

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