# 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 soybean ending stocks 610 mil bu vs prior 425 (+43.5%, bearish); US corn season-avg farm price 3.1 $/bu vs prior 3.35 (-7.5%, bearish); US soybean oil price 30 ¢/lb vs prior 29 (+3.4%, bullish); US soybean meal price 290 $/st vs prior 300 (-3.3%, bearish); US corn ending stocks 2,756 mil bu vs prior 2,648 (+4.1%, bearish); US soybean exports 2,125 mil bu vs prior 2,050 (+3.7%, bullish); US corn exports 2,225 mil bu vs prior 2,150 (+3.5%, bullish); US wheat exports 975 mil bu vs prior 950 (+2.6%, bullish); US soybean season-avg farm price 8.35 $/bu vs prior 8.5 (-1.8%, bearish).

- Date: 2020-08-12 · published 2020-08-12T12:00:00.000Z
- Category: report · region US
- Page: https://feedsoft.ai/events/1177-usda-wasde-report-2020-08-12
- 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 |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-08-12 | 1 | +2.8% | 3.5 | The August 12 WASDE was the main scheduled catalyst for soybean meal; higher soybean exports and the derecho backdrop offset bearish ending stocks, and the report triggered a bullish reaction in the soy complex. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-08 | [USDA WASDE report](https://feedsoft.ai/events/1149-usda-wasde-report-2018-03-08.md) | +2.4% | +5.3% |
| 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 | 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 | 2018-08-10 | [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% |
| SOY | 2018-03-08 | [USDA WASDE report](https://feedsoft.ai/events/1149-usda-wasde-report-2018-03-08.md) | -2.5% | -2.3% |

## Sources

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

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