# U.S. Corn, Soybean Piles Get Smaller, USDA Says

> The USDA's September Quarterly Grain Stocks Report showed corn at 1.99 billion bushels versus a 2.25 billion trade estimate, soybeans at 523 million versus 576 million expected, and wheat at 2.16 billion versus 2.24 billion. December corn settled at $3.79 and November soybeans at $10.23 3/4 after sharp gains.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/8792-u-s-corn-soybean-piles-get-smaller-usda-says
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stocks well below trade expectations across all three grains tighten the feed-grain supply outlook and support higher prices for corn, soybeans and wheat.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-24 | [USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017](https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017.md) | -0.2% | -2.3% |
| WHEAT | 2019-06-11 | [U.S. Corn Production, Supplies Fall, USDA Says](https://feedsoft.ai/events/58451-u-s-corn-production-supplies-fall-usda-says.md) | -4.7% | -8.3% |
| WHEAT | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -1.1% | -6.9% |
| WHEAT | 2018-06-12 | [U.S. Grain Stocks Get Smaller, USDA Report Shows](https://feedsoft.ai/events/64478-u-s-grain-stocks-get-smaller-usda-report-shows.md) | -0.9% | -6.9% |
| WHEAT | 2023-03-01 | [Corn, soybean usage cuts overshadow smaller Argentine crops](https://feedsoft.ai/events/37263-corn-soybean-usage-cuts-overshadow-smaller-argentine-crops.md) | -1.6% | +5.1% |
| SOY | 2017-09-29 | [U.S. Corn, Soybean Stocks Drop, USDA Says](https://feedsoft.ai/events/68896-u-s-corn-soybean-stocks-drop-usda-says.md) | +0.9% | +1.2% |
| SOY | 2017-02-24 | [USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017](https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017.md) | +1.5% | -2.0% |
| SOY | 2019-06-11 | [U.S. Corn Production, Supplies Fall, USDA Says](https://feedsoft.ai/events/58451-u-s-corn-production-supplies-fall-usda-says.md) | +6.3% | +2.8% |

## Sources

- ocj.com: https://ocj.com/2020/09/volatile-day-following-usda-reports/
- agriculture.com: https://www.agriculture.com/markets/analysis/us-corn-soybean-piles-get-smaller-usda-says

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