# 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 445 mil bu vs prior 340 (+30.9%, bearish); US soybean oil price 42 ¢/lb vs prior 49 (-14.3%, bearish); US soybean meal price 330 $/st vs prior 380 (-13.2%, bearish); US soybean season-avg farm price 11.2 $/bu vs prior 12.55 (-10.8%, bearish); World soybean ending stocks 128.5 mmt vs prior 114.22 (+12.5%, bearish); US wheat ending stocks 766 mil bu vs prior 698 (+9.7%, bearish); US soybean meal exports 17,300 k st vs prior 15,800 (+9.5%, bullish); US wheat exports 775 mil bu vs prior 710 (+9.2%, bullish); US corn season-avg farm price 4.4 $/bu vs prior 4.7 (-6.4%, bearish); US soybean exports 1,825 mil bu vs prior 1,700 (+7.4%, bullish); US corn exports 2,200 mil bu vs prior 2,100 (+4.8%, bullish).

- Date: 2024-05-10 · published 2024-05-10T12:00:00.000Z
- Category: report · region US
- Page: https://feedsoft.ai/events/1217-usda-wasde-report-2024-05-10
- 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 |
| --- | --- | --- | --- | --- | --- |
| BARLEY | 2024-05-13 | 1 | +7.1% | 2.7 | The May WASDE came out on 2024-05-10, shortly before the move. It raised US wheat ending stocks and lowered corn season-average prices, which are bearish for feed grains like barley. Higher wheat and corn export estimates were offsetting, and the report has no barley-specific data, so it is only a plausible partial driver of a 7% one-day move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2018-08-10 | [USDA WASDE report](https://feedsoft.ai/events/1154-usda-wasde-report-2018-08-10.md) | -7.5% | -9.1% |
| 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 | 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% |
| SOY | 2018-08-10 | [USDA WASDE report](https://feedsoft.ai/events/1154-usda-wasde-report-2018-08-10.md) | -0.3% | -6.3% |

## 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.