# Initial 2020 carryover forecasts higher for wheat and corn | 2019-05-10  | Food Business News

> USDA projected 2019-20 U.S. wheat carryover at 1,141 million bushels, up from 1,127 million for 2018-19, and corn carryover at 2,485 million bushels, up 390 million from 2,095 million. Both forecasts came in above average trade expectations, with corn near the high end of the range. The 2018-19 wheat carryover was raised 40 million bushels from April.

- Date: 2019-05-10 · published 2019-05-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/59044-initial-2020-carryover-forecasts-higher-for-wheat-and-corn-2019-05-10-food
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher carryover in both wheat and corn means more supply available for feed use, which weighs on feed grain and wheat prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-04-10 | [U.S. soybean carryover down from March, wheat and corn up \| 2018-04-10  \| Food Business News](https://feedsoft.ai/events/65482-u-s-soybean-carryover-down-from-march-wheat-and-corn-up-2018-04-10-food.md) | +2.4% | +2.6% |
| WHEAT | 2017-12-13 | [U.S.D.A. bumps wheat, soybean carryover \| Food Business News \| December 13, 2017 13:28](https://feedsoft.ai/events/67420-u-s-d-a-bumps-wheat-soybean-carryover-food-business-news-december-13-2017-13-28.md) | +1.4% | +2.7% |
| WHEAT | 2019-09-05 | [FAPRI sees lower wheat, corn, soybean prices \| 2019-09-05  \| Food Business News](https://feedsoft.ai/events/9145-fapri-sees-lower-wheat-corn-soybean-prices-2019-09-05-food-business-news.md) | -0.9% | +4.7% |
| WHEAT | 2025-09-17 | [France Updates Wheat and Corn Production Forecasts for 2025](https://feedsoft.ai/events/22802-france-updates-wheat-and-corn-production-forecasts-for-2025.md) | +0.4% | +1.3% |
| WHEAT | 2019-03-04 | [Australia’s 2019-20 wheat output forecast higher \| 2019-03-04  \| World Grain](https://feedsoft.ai/events/60036-australia-s-2019-20-wheat-output-forecast-higher-2019-03-04-world-grain.md) | +0.7% | +5.2% |
| CORN | 2019-09-05 | [FAPRI sees lower wheat, corn, soybean prices \| 2019-09-05  \| Food Business News](https://feedsoft.ai/events/9145-fapri-sees-lower-wheat-corn-soybean-prices-2019-09-05-food-business-news.md) | -2.8% | +3.3% |
| CORN | 2017-11-10 | [U.S.D.A. lowers 2018 wheat, soybean carryover from October \| Food Business News \| November 10, 2017 13:57](https://feedsoft.ai/events/67928-u-s-d-a-lowers-2018-wheat-soybean-carryover-from-october-food-business-news.md) | -0.9% | +0.6% |
| CORN | 2023-05-23 | [USDA forecasts record-large corn, soy production in 2023 \| Food Business News](https://feedsoft.ai/events/13277-usda-forecasts-record-large-corn-soy-production-in-2023-food-business-news.md) | -1.8% | +0.2% |

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/13766-initial-2020-carryover-forecasts-higher-for-wheat-and-corn

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