# Big changes in U.S. soybean stocks, global corn - Brownfield Ag News

> The USDA's November WASDE raised projected U.S. soybean ending stocks to 955 million bushels, up 70 million on the month, as a lower production outlook and higher crush were offset by a cut in exports amid the China tariff dispute. Corn ending stocks were cut 77 million bushels to 1.736 billion, while wheat stocks fell 7 million bushels to 949 million.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/61982-big-changes-in-u-s-soybean-stocks-global-corn-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger U.S. soybean carryover combined with reduced export demand from China is bearish for soybeans and soybean meal prices. Tighter corn carryout is mildly supportive for corn.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-11-14 | 5 | -6.8% | -3.3 | The WASDE cut corn ending stocks but raised soybean stocks on lower exports, and the global balance sheet and China's revised figures left the market bearish, so the corn drop fits a sell-the-news reaction. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.6% | +2.5% |
| SOY | 2018-08-10 | [USDA raises new crop U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/63479-usda-raises-new-crop-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -0.3% | -6.3% |
| SOY | 2018-01-12 | [USDA increases U.S. corn, soybean, wheat ending stocks estimates - Brownfield Ag News](https://feedsoft.ai/events/66935-usda-increases-u-s-corn-soybean-wheat-ending-stocks-estimates-brownfield-ag-news.md) | +3.9% | +4.5% |
| SOY | 2019-06-28 | [Soybean stocks at record levels - Brownfield Ag News](https://feedsoft.ai/events/58538-soybean-stocks-at-record-levels-brownfield-ag-news.md) | -1.7% | -0.5% |
| SOY | 2018-09-12 | [USDA anticipates bigger U.S. corn, soybean supplies - Brownfield Ag News](https://feedsoft.ai/events/62986-usda-anticipates-bigger-u-s-corn-soybean-supplies-brownfield-ag-news.md) | -0.8% | +5.2% |
| CORN | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | +0.8% | -2.1% |
| CORN | 2023-12-01 | [Big month for corn grind, soybean crush - Brownfield Ag News](https://feedsoft.ai/events/32796-big-month-for-corn-grind-soybean-crush-brownfield-ag-news.md) | +2.4% | +3.9% |
| CORN | 2020-09-30 | [Big gains in corn, soybeans, wheat after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8791-big-gains-in-corn-soybeans-wheat-after-usda-numbers-brownfield-ag-news.md) | +1.5% | +11.3% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/big-changes-in-u-s-soybean-stocks-global-corn/

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