# Record U.S. crop yields lead to grain storage issues, higher profits for elevators | World-grain.com | December 06, 2016 14:43 | World Grain

> CoBank research finds record US corn, soybean and sorghum harvests are straining grain storage capacity, particularly in the Western Corn Belt and Southern Plains. Interior corn and wheat basis has hit multi-year lows, and USDA projects the highest wheat and corn ending stocks since 1987-88.

- Date: 2016-12-06 · published 2016-12-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73529-record-u-s-crop-yields-lead-to-grain-storage-issues-higher-profits-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Large stocks and storage shortages keep interior cash prices depressed while futures carry incentivizes storage, a bearish backdrop for US corn, wheat and sorghum prices.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-12-08 | [E.U. grain crop revised up for 2017-18 \| World-grain.com \| December 08, 2017 15:03 \| World Grain](https://feedsoft.ai/events/67428-e-u-grain-crop-revised-up-for-2017-18-world-grain-com-december-08-2017-15-03.md) | +2.9% | +5.8% |
| CORN | 2018-06-13 | [India’s food grain production to reach new record \| World-grain.com \| June 13, 2018 14:12 \| World Grain](https://feedsoft.ai/events/64486-india-s-food-grain-production-to-reach-new-record-world-grain-com-june-13-2018.md) | -4.1% | -8.2% |
| CORN | 2017-11-30 | [Grain elevator operators set sights on improved margins \| World-grain.com \| November 29, 2017 22:04 \| World Grain](https://feedsoft.ai/events/67876-grain-elevator-operators-set-sights-on-improved-margins-world-grain-com.md) | +1.0% | +7.1% |
| CORN | 2016-11-11 | [Another record-breaking harvest \| World-grain.com \| November 04, 2016 18:17 \| World Grain](https://feedsoft.ai/events/12239-another-record-breaking-harvest-world-grain-com-november-04-2016-18-17-world.md) | -3.6% | -0.7% |
| CORN | 2024-08-22 | [Record US soybean crop forecast in 2024 \| World Grain](https://feedsoft.ai/events/28788-record-us-soybean-crop-forecast-in-2024-world-grain.md) | -2.2% | +6.2% |
| WHEAT | 2016-12-07 | [Australian winter crop output forecast at record high \| World-grain.com \| December 07, 2016 15:26 \| World Grain](https://feedsoft.ai/events/73457-australian-winter-crop-output-forecast-at-record-high-world-grain-com-december.md) | +1.1% | +0.2% |
| WHEAT | 2017-12-08 | [E.U. grain crop revised up for 2017-18 \| World-grain.com \| December 08, 2017 15:03 \| World Grain](https://feedsoft.ai/events/67428-e-u-grain-crop-revised-up-for-2017-18-world-grain-com-december-08-2017-15-03.md) | -3.7% | -1.3% |
| WHEAT | 2018-06-13 | [India’s food grain production to reach new record \| World-grain.com \| June 13, 2018 14:12 \| World Grain](https://feedsoft.ai/events/64486-india-s-food-grain-production-to-reach-new-record-world-grain-com-june-13-2018.md) | -2.0% | -8.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/7430-record-u-s-crop-yields-lead-to-grain-storage-issues-higher-profits-for-elevators

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