# Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network

> USDA's quarterly Grain Stocks report showed old-crop corn stocks at 2.1 billion bushels, more than 300 million below the average trade guess, and soybean stocks at 913 million bushels, 69 million below expectations. All wheat stocks were 2.3 billion bushels, at the upper end of trade expectations.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter corn and soybean stocks than expected support feed grain and soymeal prices going into the new crop year. Wheat stocks at the high end of expectations are a mild bearish factor for wheat used in feed.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2019-09-30 | 1 | +2.8% | 3.1 | Soybean stocks 69M bu below trade guesses signaled tighter supply, driving the price jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.0% | +1.9% |
| CORN | 2021-09-30 | [USDA Estimate for Soybean Stocks Higher Than Expected \| Red River Farm Network](https://feedsoft.ai/events/45039-usda-estimate-for-soybean-stocks-higher-than-expected-red-river-farm-network.md) | +0.3% | +2.8% |
| CORN | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +1.1% | -0.6% |
| CORN | 2023-09-13 | [September WASDE: Ringing in 50 Years with Reduced Corn, Soybean Yields and Lower Livestock Production Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/34031-september-wasde-ringing-in-50-years-with-reduced-corn-soybean-yields-and-lower.md) | -7.1% | -5.9% |
| CORN | 2024-09-30 | [USDA Report Snapshot: Corn, soybean stocks lighter than expected - Pro Farmer](https://feedsoft.ai/events/28254-usda-report-snapshot-corn-soybean-stocks-lighter-than-expected-pro-farmer.md) | +1.0% | -0.6% |
| SOY | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.6% | +1.1% |
| SOY | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +0.7% | -3.3% |
| SOY | 2020-09-14 | [A Slight Surprise for Soybeans in Friday’s Report \| Red River Farm Network](https://feedsoft.ai/events/51067-a-slight-surprise-for-soybeans-in-friday-s-report-red-river-farm-network.md) | +3.8% | +6.0% |

## Sources

- rrfn.com: https://www.rrfn.com/2019/09/30/a-somewhat-bullish-quarterly-stocks-report/

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