# USDA Releases December 2024 WASDE Report | American Ag Network

> USDA's December 2024 WASDE showed minimal changes overall, with US corn, soybean and wheat production unchanged. US corn ending stocks came in below trade expectations at 1.738 billion bushels, and the soybean meal price forecast was cut $20 to $300 per short ton. Soybean oil was unchanged at 43 cents per pound, and the wheat farm price held at $5.60 per bushel.

- Date: 2024-12-10 · published 2024-12-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/26906-usda-releases-december-2024-wasde-report-american-ag-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The lower corn carryout and export increase support corn prices, while the cut in the soybean meal price forecast reflects weaker expected meal values for feed buyers. Other crop prices were largely unchanged.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-07-11 | [USDA Releases July 2025 WASDE Report \| Agriculture of America](https://feedsoft.ai/events/23709-usda-releases-july-2025-wasde-report-agriculture-of-america.md) | -0.7% | -1.5% |
| CORN | 2026-07-10 | [USDA Releases July 2026 WASDE Report \| Agriculture of America](https://feedsoft.ai/events/18281-usda-releases-july-2026-wasde-report-agriculture-of-america.md) | +2.1% | +0.8% |
| CORN | 2026-08-12 | [WASDE Report Released \| Red River Farm Network](https://feedsoft.ai/events/17856-wasde-report-released-red-river-farm-network.md) | +3.5% | +11.8% |
| CORN | 2025-12-09 | [December 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/21442-december-2025-wasde-report-summary-and-notes-cih.md) | +0.1% | +0.5% |
| CORN | 2025-12-12 | [December 2025 WASDE Recap](https://feedsoft.ai/events/21438-december-2025-wasde-recap.md) | +1.0% | -2.9% |
| SBM | 2023-05-12 | [USDA Releases May 2023 WASDE Report \| American Ag Network](https://feedsoft.ai/events/35889-usda-releases-may-2023-wasde-report-american-ag-network.md) | -2.0% | -4.8% |
| SBM | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -1.6% | +10.0% |
| SBM | 2026-06-17 | [SunSirs: USDA Releases 2026/27 Soybean Meal Supply and Demand Report](https://feedsoft.ai/events/18886-sunsirs-usda-releases-2026-27-soybean-meal-supply-and-demand-report.md) | -0.6% | +4.3% |

## Sources

- americanagnetwork.com: https://www.americanagnetwork.com/2024/12/10/usda-releases-december-2024-wasde-report/

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