# WASDE: No ‘October surprise’ as USDA dials in small changes

> USDA's October WASDE made only small changes, with U.S. corn production raised slightly and soybean production trimmed. Corn exports were revised up and 2024/25 ending stocks were lowered. Soybean and wheat futures fell after the report, with December Chicago wheat down about 8 cents.

- Date: 2024-10-11 · published 2024-10-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/27802-wasde-no-october-surprise-as-usda-dials-in-small-changes
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher corn output and softer soybean and wheat futures signal weaker prices for feed grains, with the trade focused on finding demand for large crops. Export upgrades offer some support but did not offset the bearish supply signals.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-11-10 | [WASDE Crop Estimates All Higher Than In October](https://feedsoft.ai/events/73826-wasde-crop-estimates-all-higher-than-in-october.md) | -3.7% | -1.2% |
| CORN | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | -5.9% | -7.2% |
| CORN | 2021-09-10 | [Soy stages surprise rally after September WASDE](https://feedsoft.ai/events/45111-soy-stages-surprise-rally-after-september-wasde.md) | +1.1% | -1.9% |
| CORN | 2022-12-12 | [U.S. corn stocks rise in December WASDE](https://feedsoft.ai/events/38187-u-s-corn-stocks-rise-in-december-wasde.md) | +1.6% | +2.6% |
| CORN | 2019-08-13 | [USDA springs further surprise in crop report \| Farm Online \| ACT](https://feedsoft.ai/events/11740-usda-springs-further-surprise-in-crop-report-farm-online-act.md) | -3.3% | -8.2% |
| SOY | 2016-11-10 | [WASDE Crop Estimates All Higher Than In October](https://feedsoft.ai/events/73826-wasde-crop-estimates-all-higher-than-in-october.md) | +0.8% | +5.7% |
| SOY | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | +4.2% | -1.5% |
| SOY | 2017-03-09 | [WASDE: U.S. Soybean Supply & Use Changes For Current](https://feedsoft.ai/events/71940-wasde-u-s-soybean-supply-and-use-changes-for-current.md) | -1.3% | -6.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/wasde-no-october-surprise-as-usda-dials-in-small-changes

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