# WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.

> USDA raised its 2024-25 U.S. soybean ending stocks by 10 million bushels to 455 million, citing lower crush, and lowered wheat stocks to 758 million bushels. It held corn ending stocks at 2.1 billion bushels. The agency raised its U.S. wheat export forecast sharply to 800 million bushels and cut Russian wheat output to 83 million tons.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29691-wasde-soybean-ending-stock-expectations-increased-while-wheat-lower-and-corn
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Russian and EU wheat supplies and stronger U.S. export demand support wheat prices, while higher soybean stocks weigh on soybeans. Corn is steady, with stocks at their largest since 2018-19.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-10-12 | [USDA officials increase soybean, corn yield estimates \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44382-usda-officials-increase-soybean-corn-yield-estimates-agri-pulse-communications.md) | +0.7% | +8.0% |
| WHEAT | 2023-12-08 | [USDA trims forecast for soybean, wheat supplies \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/32633-usda-trims-forecast-for-soybean-wheat-supplies-agri-pulse-communications-inc.md) | -4.0% | +1.2% |
| WHEAT | 2024-12-11 | [December WASDE Shows Decrease in US Corn and Wheat Ending Stocks in 2024/2025](https://feedsoft.ai/events/26903-december-wasde-shows-decrease-in-us-corn-and-wheat-ending-stocks-in-2024-2025.md) | -0.4% | -0.6% |
| WHEAT | 2019-11-12 | [WASDE Lowers Wheat, Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/56021-wasde-lowers-wheat-corn-and-soybean-forecasts-agwired.md) | +3.4% | +0.5% |
| WHEAT | 2021-01-12 | [WASDE Lowers Corn/Soy Ending Stocks Again - AgWeb](https://feedsoft.ai/events/49087-wasde-lowers-corn-soy-ending-stocks-again-agweb.md) | +2.3% | -3.8% |
| KWHEAT | 2022-05-12 | [USDA warns on corn, winter wheat crops due to weather \| 2022-05-12 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/13363-usda-warns-on-corn-winter-wheat-crops-due-to-weather-2022-05-12-agri-pulse.md) | +11.7% | -2.7% |
| KWHEAT | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | +4.7% | +2.2% |
| KWHEAT | 2017-05-10 | [Winter wheat takes a hit in USDA forecast \| 2017-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/71055-winter-wheat-takes-a-hit-in-usda-forecast-2017-05-10-agri-pulse-agri-pulse.md) | -0.6% | +4.4% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/21238-wasde-soybean-ending-stock-expectations-increased-while-wheat-lower-and-corn-steady

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