# A rarity: USDA report sparks broad rallies

> USDA's quarterly stocks report sparked rallies in soybeans, corn and wheat. Corn stocks of 1.995 billion bushels came in about 125 million bushels below the lowest trade estimate, and soybean stocks of 523 million bushels were roughly 50 million below the trade average.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/8787-a-rarity-usda-report-sparks-broad-rallies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Corn stocks falling below 2 billion bushels reduces the burdensome-supply argument and supports higher futures, with the market now eyeing a return above $4 per bushel.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-10-05 | [Upbeat USDA Report Sparks Grain Rally \| Блог Interlegal](https://feedsoft.ai/events/11638-upbeat-usda-report-sparks-grain-rally-interlegal.md) | +0.6% | +5.8% |
| CORN | 2016-10-13 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/9407-usda-wasde-report-at-a-glance.md) | +2.3% | +2.5% |
| CORN | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.8% | +9.0% |
| CORN | 2024-11-08 | [USDA Reports Summary](https://feedsoft.ai/events/13133-usda-reports-summary.md) | -1.4% | -2.0% |
| CORN | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | +0.7% | -7.7% |
| SOY | 2018-04-10 | [Soybeans rally on USDA report, exports](https://feedsoft.ai/events/65483-soybeans-rally-on-usda-report-exports.md) | -0.5% | -4.3% |
| SOY | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -1.7% | -0.5% |
| SOY | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | -0.1% | -3.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/a-rarity-usda-report-sparks-broad-rallies

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