# October 2024 WASDE Update

> The October WASDE raised U.S. corn production by 17 million bushels, with yield up 0.2 bu/ac, and cut 2023/24 and 2024/25 corn ending stocks. Soybean production and yield were unchanged from September, and wheat ending stocks fell by 6 and 16 million bushels. World corn ending stocks for 2024/25 fell by nearly 2 MMT.

- Date: 2024-10-16 · published 2024-10-16T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27805-october-2024-wasde-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher U.S. corn production offsets some of the tighter stocks, leaving the balance sheet mostly neutral to bearish for corn. The lower world corn stocks give slight support to the global corn price.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-04-13 | [April 2026 WASDE Update](https://feedsoft.ai/events/19663-april-2026-wasde-update.md) | +1.7% | +3.2% |
| CORN | 2024-10-11 | [OCTOBER 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/27806-october-2024-wasde-report-summary-and-notes-cih.md) | -1.8% | +0.9% |
| CORN | 2026-10-10 | [October 2026 WASDE: Corn, Beef & Pork \| The Protein Pulse](https://feedsoft.ai/events/568-october-2026-wasde-corn-beef-and-pork-the-protein-pulse.md) | -0.7% | -3.7% |
| CORN | 2026-03-17 | [March 2026 WASDE](https://feedsoft.ai/events/4713-march-2026-wasde.md) | +1.4% | -1.4% |
| CORN | 2022-12-27 | [Hog Market Update: December 2022](https://feedsoft.ai/events/7010-hog-market-update-december-2022.md) | +2.0% | -0.2% |
| WHEAT | 2024-10-11 | [OCTOBER 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/27806-october-2024-wasde-report-summary-and-notes-cih.md) | -0.5% | -1.5% |
| WHEAT | 2024-09-16 | [September 2024 WASDE Recap](https://feedsoft.ai/events/28258-september-2024-wasde-recap.md) | -2.2% | +4.0% |
| WHEAT | 2022-06-13 | [WASDE update: Higher corn output from Ukraine](https://feedsoft.ai/events/40898-wasde-update-higher-corn-output-from-ukraine.md) | +1.0% | -6.4% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/October-2024-WASDE-Update

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