# September 1 Grain Stocks Estimates Provide Muted Support for Prices

> A weekly outlook covers USDA September 1 grain stocks, which put old-crop soybean stocks at 301 million bushels, 44 million below the USDA forecast and 37 million below trade estimates. The 2016 soybean crop estimate was trimmed to 4,296 million bushels. Old-crop corn stocks were also reported, 55 million bushels below forecast.

- Date: 2017-01-01 · published 2017-01-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/73035-september-1-grain-stocks-estimates-provide-muted-support-for-prices
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Stocks below expectations tighten soybean supply for the 2017-18 marketing year and support soybean prices and soybean meal costs for feed users.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-10 | [September estimates indicate record grain crop for 2019 \| News Agency](https://feedsoft.ai/events/56405-september-estimates-indicate-record-grain-crop-for-2019-news-agency.md) | +0.5% | -0.9% |
| SOY | 2017-01-01 | [USDA Reports Provide Support to Soybean Prices](https://feedsoft.ai/events/72939-usda-reports-provide-support-to-soybean-prices.md) | 0.0% | +2.8% |
| SOY | 2026-07-10 | [July WASDE data proved helpful for grain prices](https://feedsoft.ai/events/10788-july-wasde-data-proved-helpful-for-grain-prices.md) | +1.3% | -1.9% |
| SOY | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.5% | +14.1% |
| SOY | 2024-09-30 | [USDA Releases Sept. 1 Grain Stocks, Small Grains Summary Reports](https://feedsoft.ai/events/28259-usda-releases-sept-1-grain-stocks-small-grains-summary-reports.md) | -2.6% | -7.3% |
| CORN | 2024-05-13 | [WASDE update: Supportive grain estimates for 2024/25 \| articles \| ING THINK](https://feedsoft.ai/events/30214-wasde-update-supportive-grain-estimates-for-2024-25-articles-ing-think.md) | -0.0% | +0.5% |
| CORN | 2026-07-10 | [July WASDE data proved helpful for grain prices](https://feedsoft.ai/events/10788-july-wasde-data-proved-helpful-for-grain-prices.md) | +2.1% | +0.8% |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |

## Sources

- doi.org: https://doi.org/10.22004/ag.econ.282739

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