# October WASDE: Top takeaways for corn, soybeans and wheat

> Grain markets largely shrugged off the October 11 WASDE, which had mildly negative numbers for corn. U.S. corn production was 30 million bushels above the trade average, and ending stocks were 1.999 billion bushels, 11 million above expectations. China's corn import forecast was cut by 2 MMT to 19 MMT.

- Date: 2024-10-15 · published 2024-10-15T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/27804-october-wasde-top-takeaways-for-corn-soybeans-and-wheat
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Corn ending stocks above trade expectations and a larger crop keep the bearish tilt in place. The reduction in China's import forecast lowers export demand, although the trade still sees the USDA import number as high.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-11 | [Turner's Take Ag Marketing \| October WASDE Bearish for Soybeans and Corn](https://feedsoft.ai/events/44488-turner-s-take-ag-marketing-october-wasde-bearish-for-soybeans-and-corn.md) | -1.0% | +5.7% |
| CORN | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +1.9% | -1.0% |
| CORN | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | -1.6% | -7.1% |
| CORN | 2019-04-09 | [WASDE Bearish as Expected on Corn and Wheat, Neutral on Soybeans](https://feedsoft.ai/events/59543-wasde-bearish-as-expected-on-corn-and-wheat-neutral-on-soybeans.md) | +1.8% | -0.5% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/commentary/what-s-for-breakfast-

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