# USDA Holds Pat on June Supply and Demand Numbers

> USDA's June WASDE held its 2024-25 U.S. corn projections unchanged from May, at 14.86 billion bushels on 181 bpa yield and 90 million planted acres. Demand estimates were also unchanged, with feed and residual use at 5.75 billion bushels and ethanol at 5.45 billion. The report left U.S. ending stocks neutral for corn, soybeans and wheat.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/29689-usda-holds-pat-on-june-supply-and-demand-numbers
- 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

The unchanged balance sheet removed a possible bullish catalyst that traders had expected, so prices lack a new supply or demand signal. The focus shifts to acreage and yield in the next report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-06-01 | [US: USDA Supply/Demand - Corn](https://feedsoft.ai/events/19196-us-usda-supply-demand-corn.md) | -5.5% | -10.2% |
| CORN | 2020-03-11 | [USDA's supply and demand report largely stands pat - Grainews](https://feedsoft.ai/events/54097-usda-s-supply-and-demand-report-largely-stands-pat-grainews.md) | -6.0% | -3.6% |
| CORN | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +4.3% | +3.9% |
| CORN | 2023-10-11 | [Supply and demand numbers could provide insight on the direction of feed costs - Brownfield Ag News](https://feedsoft.ai/events/33759-supply-and-demand-numbers-could-provide-insight-on-the-direction-of-feed-costs.md) | -0.4% | -2.1% |
| CORN | 2024-08-12 | [USDA Increases 2024 Corn Production and Demand, Lowers Ending Stocks](https://feedsoft.ai/events/28712-usda-increases-2024-corn-production-and-demand-lowers-ending-stocks.md) | -1.6% | +1.4% |
| SOY | 2020-03-11 | [USDA's supply and demand report largely stands pat - Grainews](https://feedsoft.ai/events/54097-usda-s-supply-and-demand-report-largely-stands-pat-grainews.md) | -5.6% | -2.1% |
| SOY | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +2.8% | +4.6% |
| SOY | 2023-10-11 | [Supply and demand numbers could provide insight on the direction of feed costs - Brownfield Ag News](https://feedsoft.ai/events/33759-supply-and-demand-numbers-could-provide-insight-on-the-direction-of-feed-costs.md) | +2.0% | +6.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/06/12/usda-releases-june-crop-production

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