# Wheat crops bigger, corn smaller, mirroring stock outlooks: USDA - Grain Central

> USDA's November report raised world wheat ending stocks to a record 288 million tonnes for 2019/20 despite a cut to the Australian crop to 17.2 million tonnes. US corn production was lowered, and world corn ending stocks were cut 6 million tonnes to 296 million.

- Date: 2019-11-11 · published 2019-11-11T12:00:00.000Z
- Category: report · region Global · magnitude high
- Page: https://feedsoft.ai/events/56012-wheat-crops-bigger-corn-smaller-mirroring-stock-outlooks-usda-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Record global wheat stocks are bearish for wheat prices, while lower US and world corn stocks support corn values for feed buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-04-13 | [Current season wheat stock rises, coarse grains stocks fall: USDA - Grain Central](https://feedsoft.ai/events/65484-current-season-wheat-stock-rises-coarse-grains-stocks-fall-usda-grain-central.md) | +3.3% | +2.7% |
| WHEAT | 2020-07-24 | [Wheat stock record, US maize trimmed: IGC - Grain Central](https://feedsoft.ai/events/52151-wheat-stock-record-us-maize-trimmed-igc-grain-central.md) | +0.7% | -1.5% |
| WHEAT | 2017-10-12 | [Russia's record wheat crop boosts world wheat ending stock forecast - Grain Central](https://feedsoft.ai/events/68418-russia-s-record-wheat-crop-boosts-world-wheat-ending-stock-forecast-grain.md) | +0.0% | -3.9% |
| WHEAT | 2025-03-31 | [USDA reports mixed grain stocks, with wheat up and corn down](https://feedsoft.ai/events/25651-usda-reports-mixed-grain-stocks-with-wheat-up-and-corn-down.md) | -1.5% | +0.8% |
| WHEAT | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -0.4% | +0.5% |
| CORN | 2018-04-13 | [Current season wheat stock rises, coarse grains stocks fall: USDA - Grain Central](https://feedsoft.ai/events/65484-current-season-wheat-stock-rises-coarse-grains-stocks-fall-usda-grain-central.md) | -0.4% | +3.0% |
| CORN | 2023-01-13 | [USDA's WASDE trims South American corn crops - Grain Central](https://feedsoft.ai/events/37741-usda-s-wasde-trims-south-american-corn-crops-grain-central.md) | +0.4% | +0.2% |
| CORN | 2020-07-24 | [Wheat stock record, US maize trimmed: IGC - Grain Central](https://feedsoft.ai/events/52151-wheat-stock-record-us-maize-trimmed-igc-grain-central.md) | -1.9% | +1.4% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wheat-crops-bigger-corn-smaller-mirroring-stock-outlooks-usda/

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