# USDA Report Review

> USDA raised its world corn ending stocks estimate by 4.1 million metric tons to 222.3 million, with Brazil's production up 3 million metric tons. U.S. ending stocks stayed unchanged despite a fast pace of corn export sales.

- Date: 2016-12-09 · published 2016-12-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/73426-usda-report-review
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher Brazilian and world supplies add export competition for U.S. corn, while the unchanged U.S. balance sheet leaves the strong export pace as a possible source of future tightening.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | +1.9% | -1.0% |
| CORN | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | +2.6% | +2.3% |
| CORN | 2019-08-14 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/57550-usda-reports-review-proag.md) | -1.2% | -4.0% |
| CORN | 2017-11-09 | [USDA Reports Flash](https://feedsoft.ai/events/67929-usda-reports-flash.md) | -1.8% | -0.8% |
| CORN | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | +0.5% | +0.6% |
| SOY | 2022-08-12 | [USDA Reports Review](https://feedsoft.ai/events/13340-usda-reports-review.md) | -12.5% | -12.9% |
| SOY | 2018-05-09 | [USDA Reports Preview](https://feedsoft.ai/events/65067-usda-reports-preview.md) | +0.7% | -1.7% |
| SOY | 2020-06-12 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/52558-usda-reports-review-proag.md) | +0.8% | +2.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2016/12/09/world-grain-stocks-get-bigger-us?referrer=twitter

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