# USDA: high corn inventories, reduced maize crop

> ZMP reports that USDA data show US wheat planted area for 2017 is the lowest since 1919, and it expects a wheat crop about 20% below prior years. Corn inventories are high, and US farmers have shifted about 4% of acres from corn toward soybeans. Russian wheat has been hit by late frost, while Russia's state intervention prices have been lowered.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/71540-usda-high-corn-inventories-reduced-maize-crop
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Low US wheat output and Russian frost losses support wheat prices, while high corn stocks and acreage shifts keep corn supply comfortable for feed buyers.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-11 | [USDA Raises Corn Inventories Outlook Beyond Expectations](https://feedsoft.ai/events/61507-usda-raises-corn-inventories-outlook-beyond-expectations.md) | +0.4% | +1.2% |
| CORN | 2020-08-12 | [USDA Expects Record Corn Crop](https://feedsoft.ai/events/51548-usda-expects-record-corn-crop.md) | +3.8% | +8.3% |
| CORN | 2022-07-12 | [USDA Expects Higher Corn Supplies](https://feedsoft.ai/events/40429-usda-expects-higher-corn-supplies.md) | -13.6% | -16.3% |
| CORN | 2025-09-30 | [USDA Grain Stocks 'Surprise' With Larger Corn Inventories Than Expected](https://feedsoft.ai/events/9842-usda-grain-stocks-surprise-with-larger-corn-inventories-than-expected.md) | +0.8% | +1.0% |
| CORN | 2026-10-01 | [Corn plunges 20 cents as high USDA stocks stun market](https://feedsoft.ai/events/17408-corn-plunges-20-cents-as-high-usda-stocks-stun-market.md) | -1.2% | -6.7% |
| WHEAT | 2024-12-10 | [USDA Reduces U.S. Corn Ending Stocks More Than Expected](https://feedsoft.ai/events/26900-usda-reduces-u-s-corn-ending-stocks-more-than-expected.md) | -0.2% | -0.5% |
| WHEAT | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -1.1% | -6.9% |
| WHEAT | 2022-05-12 | [Corn, Soybean Production Numbers as Expected in May USDA Report](https://feedsoft.ai/events/41348-corn-soybean-production-numbers-as-expected-in-may-usda-report.md) | +5.9% | +0.7% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/market-report-usda-high-corn-inventories-reduced-maize-crop-production-2017

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