# Ending stocks are big, but below forecasts

> USDA's quarterly Grain Stocks report showed old-crop U.S. corn ending stocks 32 percent above a year earlier, reaching a 30-year record of 2.295 billion bushels. The figure came in below the trade's pre-report average estimate of 2.35 billion bushels, and corn prices rallied.

- Date: 2017-10-02 · published 2017-10-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7534-ending-stocks-are-big-but-below-forecasts
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record supplies normally weigh on prices, but a number below expectations tightened the balance sheet and supported futures. The surprise shows the market was pricing in more supply than USDA reported.

## Read by commodity

- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2017-10-02 | 1 | +3.1% | 4.2 | Record but below-forecast corn stocks of 2.295 billion bushels were a bullish supply surprise driving the rally and the volatility that followed. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +1.1% | -0.6% |
| CORN | 2018-07-17 | [Soybean ending stocks increase for 2018-19](https://feedsoft.ai/events/64003-soybean-ending-stocks-increase-for-2018-19.md) | -0.7% | -0.1% |
| CORN | 2024-12-10 | [USDA Cuts US Corn Ending Stocks by 200M Bushels](https://feedsoft.ai/events/26899-usda-cuts-us-corn-ending-stocks-by-200m-bushels.md) | +1.6% | +2.9% |
| CORN | 2025-12-09 | [Report Snapshot \| Corn, soybean ending stocks below average pre-report estimates - Pro Farmer](https://feedsoft.ai/events/21440-report-snapshot-corn-soybean-ending-stocks-below-average-pre-report-estimates.md) | +0.1% | +0.5% |
| CORN | 2024-07-12 | [USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks](https://feedsoft.ai/events/29201-usda-hikes-corn-production-but-lowers-2024-25-corn-ending-stocks.md) | -2.4% | -2.7% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Ending-stocks-are-big-but-below-forecasts

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