# USDA WASDE report

> Monthly World Agricultural Supply and Demand Estimates, 12:00 ET. Updates US and world balance sheets and season-average price projections. Surprises: US corn ending stocks 2,181 mil bu vs prior 2,010 (+8.5%, bearish); US soybean exports 1,775 mil bu vs prior 1,875 (-5.3%, bearish); US soybean ending stocks 755 mil bu vs prior 795 (-5.0%, bullish); US corn exports 2,050 mil bu vs prior 2,150 (-4.7%, bearish); US corn season-avg farm price 3.6 $/bu vs prior 3.7 (-2.7%, bearish); World corn ending stocks 307.72 mmt vs prior 298.92 (+2.9%, bearish); World soybean ending stocks 101.74 mmt vs prior 104.53 (-2.7%, bullish); US wheat exports 975 mil bu vs prior 950 (+2.6%, bullish).

- Date: 2019-08-12 · published 2019-08-12T12:00:00.000Z
- Category: report · region US
- Page: https://feedsoft.ai/events/1165-usda-wasde-report-2019-08-12
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-08-11 | 1 | -3.7% | -3.3 | US corn ending stocks of 2,181 mil bu were well above the prior estimate, and lower exports and a lower season-average price made the balance sheet bearish for corn. |
| KWHEAT | 2019-08-11 | 1 | -5.9% | -3.3 | The August 12 WASDE, with its bearish corn stocks surprise and higher wheat yield, most plausibly drove the sharp one-day HRW selloff through spillover from corn and a larger wheat supply outlook, though the timing is ambiguous because the window ends 2019-08-11. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-10 | [USDA WASDE report](https://feedsoft.ai/events/1154-usda-wasde-report-2018-08-10.md) | -7.5% | -9.1% |
| CORN | 2020-11-10 | [USDA WASDE report](https://feedsoft.ai/events/1180-usda-wasde-report-2020-11-10.md) | +9.7% | +8.7% |
| CORN | 2018-03-08 | [USDA WASDE report](https://feedsoft.ai/events/1149-usda-wasde-report-2018-03-08.md) | +2.4% | +5.3% |
| CORN | 2023-05-12 | [USDA WASDE report](https://feedsoft.ai/events/1205-usda-wasde-report-2023-05-12.md) | -8.7% | -8.7% |
| CORN | 2026-07-10 | [USDA WASDE report](https://feedsoft.ai/events/1242-usda-wasde-report-2026-07-10.md) | +0.6% | +1.4% |
| SOY | 2018-03-08 | [USDA WASDE report](https://feedsoft.ai/events/1149-usda-wasde-report-2018-03-08.md) | -2.5% | -2.3% |
| SOY | 2018-08-10 | [USDA WASDE report](https://feedsoft.ai/events/1154-usda-wasde-report-2018-08-10.md) | -0.3% | -6.3% |
| SOY | 2020-11-10 | [USDA WASDE report](https://feedsoft.ai/events/1180-usda-wasde-report-2020-11-10.md) | +4.4% | +3.7% |

## Sources

- USDA WAOB: https://www.usda.gov/oce/commodity/wasde

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