# Corn ending stocks takes analysts by surprise | Iowa Agribusiness Radio Network

> Iowa Agribusiness Radio reports that USDA's August WASDE put corn ending stocks at 2.18 billion bushels, versus about 1.6 billion expected by the trade. Soybean yield was unchanged and ending stocks were near July levels, while corn, soybeans, meal and wheat all fell sharply after the report.

- Date: 2019-08-12 · published 2019-08-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/57552-corn-ending-stocks-takes-analysts-by-surprise-iowa-agribusiness-radio-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

Corn ending stocks far above trade expectations signal a heavy US feed grain supply, pushing corn and meal prices lower for feed buyers.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-08-11 | 1 | -3.7% | -3.3 | Ending stocks of 2.18 billion bushels against about 1.6 billion expected by the trade were a large bearish surprise for corn. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-02-23 | [Iowa records second largest corn, soybean crop in 2017 \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66349-iowa-records-second-largest-corn-soybean-crop-in-2017-iowa-agribusiness-radio.md) | +1.9% | +2.9% |
| CORN | 2022-04-08 | [April WASDE report a bit disappointing \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/41802-april-wasde-report-a-bit-disappointing-iowa-agribusiness-radio-network.md) | -0.7% | -6.4% |
| CORN | 2017-07-12 | [Grain market tumbles following USDA report - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6473-grain-market-tumbles-following-usda-report-iowa-agribusiness-radio-network.md) | -4.1% | -5.2% |
| CORN | 2019-05-10 | [USDA releases ?big, bearish numbers? in WASDE \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/59046-usda-releases-big-bearish-numbers-in-wasde-iowa-agribusiness-radio-network.md) | +5.8% | +12.3% |
| CORN | 2020-01-10 | [WASDE report: “Not as friendly? as expected \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/55024-wasde-report-not-as-friendly-as-expected-iowa-agribusiness-radio-network.md) | -1.0% | -0.7% |
| SOY | 2017-12-12 | [USDA lowers corn ending stocks, raises soybean \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-iowa-agribusiness-radio-network.md) | -2.1% | -3.6% |
| SOY | 2019-06-11 | [WASDE report gives bullish numbers to corn \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58540-wasde-report-gives-bullish-numbers-to-corn-iowa-agribusiness-radio-network.md) | +6.3% | +2.8% |
| SOY | 2021-04-09 | [April WASDE Report ?kind of a dud,? analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/47549-april-wasde-report-kind-of-a-dud-analyst-says-iowa-agribusiness-radio-network.md) | +0.2% | +13.4% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/corn-ending-stocks-takes-analysts-by-surprise/

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