# USDA lowers corn ending stocks, raises soybean | Iowa Agribusiness Radio Network

> USDA raised corn used for ethanol by 50 million bushels to 5.525 billion, cutting corn ending stocks to 2.437 billion bushels. Soybean exports were reduced 25 million bushels on competition from Argentina and Brazil, lifting soybean ending stocks to 445 million bushels.

- Date: 2017-12-12 · published 2017-12-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-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)

## Why it matters

Stronger ethanol demand tightens corn balance sheets, while weaker soybean exports raise carryout and weigh on soybean prices. The shift is a meaningful but not market-moving revision.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +9.7% | +8.7% |
| CORN | 2018-02-08 | [USDA lowers soy exports, market reacts bullishly \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66448-usda-lowers-soy-exports-market-reacts-bullishly-iowa-agribusiness-radio-network.md) | +0.2% | +2.3% |
| 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 | 2018-02-09 | [Corn price in sweet spot, soybeans may falter \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66525-corn-price-in-sweet-spot-soybeans-may-falter-iowa-agribusiness-radio-network.md) | +0.2% | +3.3% |
| CORN | 2024-11-08 | [USDA Surprisingly Lowers Corn and Soybean Yield and Ending Stocks in WASDE - AgWeb](https://feedsoft.ai/events/13135-usda-surprisingly-lowers-corn-and-soybean-yield-and-ending-stocks-in-wasde-agweb.md) | -1.4% | -2.0% |
| SOY | 2019-08-12 | [Corn ending stocks takes analysts by surprise \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/57552-corn-ending-stocks-takes-analysts-by-surprise-iowa-agribusiness-radio-network.md) | -0.7% | -3.3% |
| 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 | 2018-02-23 | [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) | +2.5% | -0.2% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/usda-lowers-corn-ending-stocks-but-raises-soybean/

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