United States USD

United States Quarterly Grain Stocks - Corn

Impact:
Low
Source: US Department of Agriculture

Latest Release:

Date:
Surprise:
0.02B
Actual:
8.15B
Forecast: 8.13B
Previous/Revision:
12.074B
Period: Mar

Next Release:

Date:
Period: Jun
What Does It Measure?
The Quarterly Grain Stocks report, specifically for corn in the United States, measures the volume of corn stored on-farm and off-farm at the end of the quarter. The primary focus is on the supply side of the corn market, providing key insights into production levels, consumption, and inventory trends, with critical indicators including stock levels relative to production and prior years.
Frequency
This report is released quarterly, typically on the last business day of the month following the end of a quarter, and it provides final estimates based on data collected from various sources, including farms and grain elevators.
Why Do Traders Care?
Traders closely monitor the Quarterly Grain Stocks for corn as it significantly influences pricing in the agricultural commodities markets. A higher-than-expected stock level may signal oversupply, leading to bearish sentiments for corn prices, while lower stock levels may suggest tighter supplies and bullish trends for both corn futures and related equities.
What Is It Derived From?
The quarterly grain stocks data is derived from a combination of surveys and administrative data, including information gathered from farmers, grain elevators, and processors, with methodologies consistent with industry standards set by the U.S. Department of Agriculture. The survey often involves a significant number of producers to ensure comprehensive coverage of stock levels across different regions.
Description
This report is critical for understanding corn supply and demand dynamics within the U.S. corn market. The preliminary figures provide essential early insights into stock changes that can influence trading behavior, while final revisions later refine this data for accuracy.
Additional Notes
The Quarterly Grain Stocks report serves as a coincident economic indicator, reflecting the immediate status of grain supply which can influence agricultural policy and market forecasts. It is often analyzed in conjunction with other reports, such as planting intentions and crop production reports, to assess broader agricultural trends both nationally and globally.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bearish for Corn prices, Bullish for Agricultural Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Mar 31, 2025
8.15B
 8.13B
12.074B
 0.02B
Jan 10, 2025
12.074B
1.76B
Sep 30, 2024
1.76B
4.993B
Jun 28, 2024
4.993B
8.347B
Mar 28, 2024
8.347B
 8.427B
12.169B
 -0.08B
Jan 12, 2024
12.169B
 12.05B
1.361B
 0.119B
Sep 29, 2023
1.361B
 1.429B
4.106B
 -0.068B
Jun 30, 2023
4.106B
 4.255B
7.401B
 -0.149B
Mar 31, 2023
7.401B
 7.47B
10.809B
 -0.069B
Jan 12, 2023
10.809B
 11.153B
1.377B
 -0.344B
Sep 30, 2022
1.377B
 1.512B
4.346B
 -0.135B
Jun 30, 2022
4.346B
 4.343B
7.85B
 0.003B
Mar 31, 2022
7.85B
 7.877B
11.647B
 -0.027B
Jan 12, 2022
11.647B
1.236B
Sep 30, 2021
1.236B
 1.155B
4.112B
 0.081B
Jun 30, 2021
4.112B
 4.144B
7.701B
 -0.032B
Mar 31, 2021
7.701B
 7.767B
11.322B
 -0.066B