# Surprise December WASDE Numbers Tighten Corn Balance | CZ app

> Corn rallied the week after the December WASDE showed a tighter balance, with China and Brazil reducing their production forecasts. Analysts raised their 2024/25 Chicago corn average forecast to $4.35 per bushel from $3.90, and expect the market to consolidate near $4.50. Western hemisphere harvests are complete and South American planting is progressing well.

- Date: 2024-12-17 · published 2024-12-17T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/26905-surprise-december-wasde-numbers-tighten-corn-balance-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Chinese and Brazilian production and tighter US stocks support corn prices, although harvest pressure has eased. Buyers should expect firm corn prices with limited downside in the near term.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-12-16 | [December WASDE Surprises Corn and Wheat Markets \| CZ app](https://feedsoft.ai/events/21444-december-wasde-surprises-corn-and-wheat-markets-cz-app.md) | +0.6% | -3.1% |
| CORN | 2021-04-12 | [WASDE update: Tightening corn balance \| articles \| ING THINK](https://feedsoft.ai/events/47548-wasde-update-tightening-corn-balance-articles-ing-think.md) | +0.9% | +25.0% |
| CORN | 2025-12-09 | [Corn Exports Get a Boost in December WASDE, But Wheat and Soybean Balance Sheets Untouched](https://feedsoft.ai/events/21441-corn-exports-get-a-boost-in-december-wasde-but-wheat-and-soybean-balance-sheets.md) | +0.1% | +0.5% |
| CORN | 2025-09-13 | [WASDE: USDA surprises with even bigger corn production](https://feedsoft.ai/events/6849-wasde-usda-surprises-with-even-bigger-corn-production.md) | +5.1% | +2.8% |
| CORN | 2020-10-09 | [USDA tightens U.S. corn, soybean balance sheets - Brownfield Ag News](https://feedsoft.ai/events/50598-usda-tightens-u-s-corn-soybean-balance-sheets-brownfield-ag-news.md) | +3.7% | +7.4% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/surprise-december-wasde-numbers-tighten-corn-balance/

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