# USDA Reports Flash

> USDA's quarterly Grain Stocks report showed old-crop corn ending stocks at a 30-year high of 2.295 billion bushels, below analyst expectations, and soybean ending stocks of 301 million bushels, well below estimates. Wheat stocks of 2.253 billion bushels were near expectations. The 2017 wheat crop was pegged at 1.741 billion bushels.

- Date: 2017-09-29 · published 2017-09-29T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/68898-usda-reports-flash
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soybean stocks well below expectations signal tighter supplies for crush and meal, supporting feed protein prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-12 | [USDA Reports Flash](https://feedsoft.ai/events/64479-usda-reports-flash.md) | -4.7% | -10.6% |
| SOY | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +1.1% | -3.6% |
| SOY | 2018-04-10 | [USDA Reports Flash](https://feedsoft.ai/events/65481-usda-reports-flash.md) | -0.5% | -4.3% |
| SOY | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | -0.3% | +4.9% |
| SOY | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.4% | +6.6% |
| CORN | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +0.3% | +2.4% |
| CORN | 2018-10-11 | [USDA Reports Summary](https://feedsoft.ai/events/62479-usda-reports-summary.md) | +4.1% | +4.1% |
| CORN | 2021-05-12 | [USDA Reports Summary](https://feedsoft.ai/events/47039-usda-reports-summary.md) | -7.8% | -3.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2017/09/29/old-crop-corn-stocks-swell-30-year?referrer=twitter

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