# The Latest WASDE Report Defies Expectations - ProAg

> The June WASDE held U.S. corn figures steady, with 14.86 billion bushels of production and 2.102 billion bushels of 2024-25 ending stocks. USDA raised soybean ending stocks by 10 million bushels to 455 million. Traders had expected lower corn stocks, so the report came in above their forecasts.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/29692-the-latest-wasde-report-defies-expectations-proag
- 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

Corn stocks above trade expectations are bearish for prices, and the soybean stock increase adds to the same pressure. Neutral new-crop balance sheets leave prices to weather and the next acreage report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-09 | [Corn and soy export expectations drop in Friday's WASDE report](https://feedsoft.ai/events/35443-corn-and-soy-export-expectations-drop-in-friday-s-wasde-report.md) | +4.4% | -4.7% |
| CORN | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.8% | +1.0% |
| CORN | 2025-08-12 | [USDA Ups 2025 Corn Production More Than Expected in Latest Crop Production Report](https://feedsoft.ai/events/23262-usda-ups-2025-corn-production-more-than-expected-in-latest-crop-production.md) | +0.0% | +4.3% |
| CORN | 2023-11-09 | [USDA surprises trade with latest report \| The Western Producer](https://feedsoft.ai/events/33115-usda-surprises-trade-with-latest-report-the-western-producer.md) | -1.5% | -1.0% |
| CORN | 2021-06-15 | [Exports, demand eyed in WASDE report](https://feedsoft.ai/events/46511-exports-demand-eyed-in-wasde-report.md) | -1.6% | +2.5% |
| SOY | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -0.3% | +8.4% |
| SOY | 2023-06-09 | [Corn and soy export expectations drop in Friday's WASDE report](https://feedsoft.ai/events/35443-corn-and-soy-export-expectations-drop-in-friday-s-wasde-report.md) | +4.8% | +10.6% |
| SOY | 2023-11-09 | [USDA surprises trade with latest report \| The Western Producer](https://feedsoft.ai/events/33115-usda-surprises-trade-with-latest-report-the-western-producer.md) | +2.7% | -2.8% |

## Sources

- proag.com: https://www.proag.com/news/the-latest-wasde-report-defies-expectations/

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