# USDA reports provide few surprises

> USDA's December reports largely matched expectations, with corn carryout up 45 million bushels and wheat ending stocks up 25 million bushels. Russia kept selling grain longer than expected, and the export forecast was left unchanged while China's 25 percent tariffs remained in place.

- Date: 2018-12-14 · published 2018-12-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher corn and wheat ending stocks signal ample supply and weigh on prices, while trade uncertainty over China tariffs keeps demand unclear.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-01-01 | [USDA Reports Provide Surprises for Corn](https://feedsoft.ai/events/61054-usda-reports-provide-surprises-for-corn.md) | +1.4% | +1.8% |
| CORN | 2019-03-08 | [USDA Reports Summary - ProAg](https://feedsoft.ai/events/60034-usda-reports-summary-proag.md) | +0.8% | +0.8% |
| CORN | 2019-08-14 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/57550-usda-reports-review-proag.md) | -1.2% | -4.0% |
| CORN | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | +2.6% | +2.3% |
| CORN | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | -5.9% | -7.2% |
| WHEAT | 2019-03-08 | [USDA Reports Summary - ProAg](https://feedsoft.ai/events/60034-usda-reports-summary-proag.md) | +0.7% | -1.0% |
| WHEAT | 2020-06-12 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/52558-usda-reports-review-proag.md) | -1.3% | -4.6% |
| WHEAT | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | +3.6% | +4.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/usda-reports-provide-few-surprises

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