# Corn, wheat supported by ending stocks - Brownfield Ag News

> Soybeans rose modestly on short covering after USDA's July report. Corn and wheat gained on commercial and technical buying, with the USDA's production guess for corn up from June but below average estimates.

- Date: 2018-07-12 · published 2018-07-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/64000-corn-wheat-supported-by-ending-stocks-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter old- and new-crop corn balance sheets support corn, while rising soybean stocks and lower bean oil and meal values weigh on the soy complex.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-12-12 | [USDA lowers corn ending stocks estimate - Brownfield Ag News](https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news.md) | +1.9% | +2.2% |
| 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 | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +5.8% | +11.6% |
| CORN | 2018-06-12 | [Wheat, corn respond strongly to USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/64482-wheat-corn-respond-strongly-to-usda-numbers-brownfield-ag-news.md) | -2.1% | -4.6% |
| CORN | 2025-02-10 | [Corn up, wheat down ahead of WASDE numbers - Brownfield Ag News](https://feedsoft.ai/events/11102-corn-up-wheat-down-ahead-of-wasde-numbers-brownfield-ag-news.md) | +2.8% | -4.7% |
| WHEAT | 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) | -2.9% | +2.5% |
| WHEAT | 2021-01-12 | [USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News](https://feedsoft.ai/events/49092-usda-numbers-send-corn-soybeans-wheat-higher-brownfield-ag-news.md) | +2.3% | -3.8% |
| WHEAT | 2019-07-11 | [Wheat leads on USDA supply, demand changes - Brownfield Ag News](https://feedsoft.ai/events/58152-wheat-leads-on-usda-supply-demand-changes-brownfield-ag-news.md) | +0.4% | -2.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-wheat-supported-by-ending-stocks/

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