# Larger supplies offset crop concerns

> Futures for corn, soybeans and wheat fell after bearish USDA numbers. Spring wheat and durum estimates were cut sharply due to northern Plains drought, but higher winter wheat output and larger global supplies offset those losses. The corn carryout forecast was raised, which was seen as the most bearish element.

- Date: 2017-07-12 · published 2017-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7087-larger-supplies-offset-crop-concerns
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher U.S. corn carryout and a large global surplus point to ample feed grain supplies and lower prices. Drought-hit spring wheat provides only limited support given the wider surplus.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-08 | [WASDE Preview: Watch for larger U.S. corn, soy supplies](https://feedsoft.ai/events/44071-wasde-preview-watch-for-larger-u-s-corn-soy-supplies.md) | +5.9% | +8.0% |
| CORN | 2023-03-24 | [COCERAL sees larger 2023 EU grain crop \| World Grain](https://feedsoft.ai/events/36793-coceral-sees-larger-2023-eu-grain-crop-world-grain.md) | +1.7% | +0.3% |
| CORN | 2024-03-27 | [Fed cattle supplies remain larger than a year ago \| Ag Proud](https://feedsoft.ai/events/31322-fed-cattle-supplies-remain-larger-than-a-year-ago-ag-proud.md) | -3.2% | -5.0% |
| CORN | 2017-07-17 | [U.S. corn, soybean crops projected larger](https://feedsoft.ai/events/69890-u-s-corn-soybean-crops-projected-larger.md) | +2.4% | -1.3% |
| CORN | 2023-04-21 | [A larger corn crop is expected globally](https://feedsoft.ai/events/36434-a-larger-corn-crop-is-expected-globally.md) | -1.6% | -9.8% |
| WHEAT | 2023-03-24 | [COCERAL sees larger 2023 EU grain crop \| World Grain](https://feedsoft.ai/events/36793-coceral-sees-larger-2023-eu-grain-crop-world-grain.md) | +11.4% | +4.2% |
| WHEAT | 2025-10-29 | [Large wheat supply pressures prices \| The Western Producer](https://feedsoft.ai/events/22436-large-wheat-supply-pressures-prices-the-western-producer.md) | -2.8% | -6.1% |
| WHEAT | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -4.3% | -0.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/larger-supplies-offset-crop-concerns

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