# Oversized US corn crop responsible for swell in global supplies

> USDA estimates suggest 2023-24 global corn ending stocks will rise 7% on the year, with U.S. stocks set to surge 60%. The increase is driven by an oversized U.S. corn crop.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7860-oversized-us-corn-crop-responsible-for-swell-in-global-supplies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Rising U.S. corn stocks add to global supply and weigh on corn prices, reducing feed costs for buyers but pressuring farm returns.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-01-12 | [US corn and wheat supplies rise in latest WASDE \| Feed & Grain](https://feedsoft.ai/events/12589-us-corn-and-wheat-supplies-rise-in-latest-wasde-feed-and-grain.md) | -2.8% | -1.7% |
| CORN | 2017-04-04 | [USDA: high corn inventories, reduced maize crop](https://feedsoft.ai/events/71540-usda-high-corn-inventories-reduced-maize-crop.md) | -0.2% | +0.2% |
| CORN | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +0.4% | +0.2% |
| CORN | 2023-05-17 | [Corn prices fall as supplies expected to increase](https://feedsoft.ai/events/5013-corn-prices-fall-as-supplies-expected-to-increase.md) | +2.4% | +0.5% |
| CORN | 2021-11-08 | [WASDE Preview: Watch for larger U.S. corn, soy supplies](https://feedsoft.ai/events/44071-wasde-preview-watch-for-larger-u-s-corn-soy-supplies.md) | +5.9% | +8.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/oversized-us-corn-crop-responsible-swell-global-supplies-2024-03-04/

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