# USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report | Feed & Grain

> USDA's December WASDE cut 2024/25 US corn ending stocks by 200 million bushels to 1.738 billion, driven by a 150 million bushel export increase and a 50 million bushel rise in ethanol use. The season-average soybean price was lowered by 60 cents to $10.20 per bushel. Wheat stocks fell 20 million bushels to 795 million.

- Date: 2024-12-10 · published 2024-12-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher corn demand tightens the US balance sheet and supports corn prices. The lower soybean price forecast and soymeal price reduction signal weaker expected returns for soybean crushers and feed users.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | -1.8% | -2.6% |
| CORN | 2025-07-14 | [USDA forecasts lower corn supplies, higher biofuel demand in latest outlook \| Feed & Grain](https://feedsoft.ai/events/23712-usda-forecasts-lower-corn-supplies-higher-biofuel-demand-in-latest-outlook-feed.md) | +0.9% | -1.2% |
| CORN | 2024-10-17 | [USDA forecasts rise in corn and sorghum exports amid global shortages \| Feed & Grain](https://feedsoft.ai/events/27919-usda-forecasts-rise-in-corn-and-sorghum-exports-amid-global-shortages-feed-and.md) | +2.1% | +2.9% |
| CORN | 2025-07-11 | [USDA Lowers New-Crop Corn Ending Stocks More Than Expected in Latest WASDE.](https://feedsoft.ai/events/23706-usda-lowers-new-crop-corn-ending-stocks-more-than-expected-in-latest-wasde.md) | -0.7% | -1.5% |
| CORN | 2021-06-11 | [Old-Crop Corn Stocks Surprise of WASDE Report \| Feed & Grain](https://feedsoft.ai/events/46505-old-crop-corn-stocks-surprise-of-wasde-report-feed-and-grain.md) | -6.1% | -4.6% |
| SOY | 2021-07-12 | [U.S. corn ending stocks top forecasts in WASDE report](https://feedsoft.ai/events/46002-u-s-corn-ending-stocks-top-forecasts-in-wasde-report.md) | +3.6% | +1.3% |
| SOY | 2026-01-12 | [USDA Forecasts Record U.S. Corn Crop, Higher Ending Stocks in January WASDE Report - RFD](https://feedsoft.ai/events/20998-usda-forecasts-record-u-s-corn-crop-higher-ending-stocks-in-january-wasde.md) | +0.9% | +5.9% |
| SOY | 2025-07-11 | [USDA Lowers New-Crop Corn Ending Stocks More Than Expected in Latest WASDE.](https://feedsoft.ai/events/23706-usda-lowers-new-crop-corn-ending-stocks-more-than-expected-in-latest-wasde.md) | +0.9% | -4.0% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15710087/usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report

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