# Cash traders question USDA numbers - Farm and Dairy

> Grain buyers say they cannot find the 2 billion bushels of corn the USDA reported left at the end of the marketing year. Processors are struggling to source corn for feed and ethanol while basis levels rise.

- Date: 2019-11-21 · published 2019-11-21T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/56092-cash-traders-question-usda-numbers-farm-and-dairy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Doubts about USDA stock estimates and strong basis bids for scarce corn support local feed costs, even though futures may eventually reflect the crop size.

## Read by commodity

- CORN: bullish ▲
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| CORN | 2020-06-11 | [World Numbers a Bright Spot in USDA Report \| Red River Farm Network](https://feedsoft.ai/events/52554-world-numbers-a-bright-spot-in-usda-report-red-river-farm-network.md) | +1.0% | +5.3% |
| CORN | 2024-05-10 | [USDA Lowers Estimates for Brazil Corn and Soy Production](https://feedsoft.ai/events/30215-usda-lowers-estimates-for-brazil-corn-and-soy-production.md) | +2.4% | +2.7% |
| CORN | 2017-06-09 | [Crops dip, recover after USDA’s bearish supply numbers](https://feedsoft.ai/events/70427-crops-dip-recover-after-usda-s-bearish-supply-numbers.md) | -1.0% | +0.3% |
| CORN | 2022-09-12 | [Soybeans and Meal Explode on Bullish Numbers From Sept. 12 USDA Reports](https://feedsoft.ai/events/39550-soybeans-and-meal-explode-on-bullish-numbers-from-sept-12-usda-reports.md) | -1.1% | -1.5% |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/columns/cash-traders-question-usda-numbers/587080.html

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