# A marginally bullish WASDE brings no gains - Mecardo

> The July WASDE raised US wheat production by 0.21 million tonnes, but higher exports more than offset this and lowered US wheat ending stocks. US corn production was cut by 2.3 million tonnes, and corn ending stocks fell to 272 million tonnes, a 12-year low stocks-to-use ratio, though the market eased after the release.

- Date: 2025-07-14 · published 2025-07-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/23720-a-marginally-bullish-wasde-brings-no-gains-mecardo
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tighter US corn and wheat ending stocks support feed grain prices over the medium term, but the initial market reaction was muted because of record production.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | +5.9% | +8.0% |
| CORN | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +4.4% | -4.7% |
| CORN | 2023-08-15 | [Pre-report estimates pretty close to WASDE - Mecardo](https://feedsoft.ai/events/34528-pre-report-estimates-pretty-close-to-wasde-mecardo.md) | -0.9% | -1.3% |
| CORN | 2024-04-11 | [Corn struggles for gains after quiet WASDE](https://feedsoft.ai/events/30675-corn-struggles-for-gains-after-quiet-wasde.md) | -0.4% | +0.8% |
| CORN | 2024-07-12 | [Wheat Gets Hit Hard Following July WASDE, Sharp Production Gains](https://feedsoft.ai/events/29206-wheat-gets-hit-hard-following-july-wasde-sharp-production-gains.md) | -2.4% | -2.7% |
| WHEAT | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | -1.8% | -2.2% |
| WHEAT | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +0.5% | +2.4% |
| WHEAT | 2024-01-16 | [Good yields after a challenging year - Mecardo](https://feedsoft.ai/events/32080-good-yields-after-a-challenging-year-mecardo.md) | -0.8% | -5.7% |

## Sources

- mecardo.com.au: https://mecardo.com.au/a-marginally-bullish-wasde-brings-no-gains/

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