# USDA lowers corn ending stocks estimate - Brownfield Ag News

> USDA's December report cut 2017/18 U.S. corn ending stocks to 2.437 billion bushels from 2.487 billion, on higher ethanol use. Wheat ending stocks were set at 960 million bushels after lower exports, and soybean stocks matched expectations.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67346-usda-lowers-corn-ending-stocks-estimate-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller corn carryout tightens the balance sheet and supports corn prices, while the larger wheat stocks keep wheat supplies ample and prices under pressure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | +0.3% | -4.3% |
| WHEAT | 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) | -0.2% | +5.8% |
| WHEAT | 2018-08-08 | [Bigger crop estimates send soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8653-bigger-crop-estimates-send-soybeans-corn-lower-brownfield-ag-news.md) | -3.0% | +3.0% |
| WHEAT | 2024-04-11 | [USDA Slightly Lowers US Corn Ending Stocks](https://feedsoft.ai/events/30673-usda-slightly-lowers-us-corn-ending-stocks.md) | -0.9% | -0.5% |
| WHEAT | 2017-07-12 | [USDA numbers push corn, wheat sharply lower - Brownfield Ag News](https://feedsoft.ai/events/6474-usda-numbers-push-corn-wheat-sharply-lower-brownfield-ag-news.md) | -2.2% | -2.1% |
| SOY | 2021-05-13 | [USDA increases soybean product ending stocks estimates - Brownfield Ag News](https://feedsoft.ai/events/47160-usda-increases-soybean-product-ending-stocks-estimates-brownfield-ag-news.md) | -7.4% | -7.0% |
| SOY | 2016-12-09 | [USDA leaves U.S. corn, soybean, wheat ending stocks unchanged - Brownfield Ag News](https://feedsoft.ai/events/73425-usda-leaves-u-s-corn-soybean-wheat-ending-stocks-unchanged-brownfield-ag-news.md) | +0.2% | -3.0% |
| SOY | 2017-10-12 | [USDA raises 2017 corn guess, lowers soybeans - Brownfield Ag News](https://feedsoft.ai/events/68314-usda-raises-2017-corn-guess-lowers-soybeans-brownfield-ag-news.md) | +2.0% | +2.4% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-lowers-corn-ending-stocks-estimate/

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