# April WASDE Report Brings Bearish Surprise

> Iowa Farm Bureau's economist reviewed the April WASDE, which cut US corn ending stocks by 50 million bushels to 2.122 billion. The season-average corn farm price was lowered 5 cents to $4.70, and soybean ending stocks rose 25 million bushels to 340 million. Soybean stocks were at the high end of pre-report trade expectations.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30674-april-wasde-report-brings-bearish-surprise
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A lower season-average corn price and higher soybean stocks signal a looser balance sheet than the market expected. Feed buyers should expect lower corn and soybean costs.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-09 | [USDA Report: Soybeans get a bearish surprise](https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise.md) | +0.5% | +0.6% |
| 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% |
| 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 | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | +0.0% | +9.0% |
| CORN | 2026-10-01 | [A Bearish Surprise \| Red River Farm Network](https://feedsoft.ai/events/17069-a-bearish-surprise-red-river-farm-network.md) | -1.2% | -6.7% |
| SOY | 2017-03-09 | [USDA Report: Soybeans get a bearish surprise](https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise.md) | -1.3% | -6.6% |
| SOY | 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) | +1.5% | -1.1% |
| SOY | 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) | +0.2% | -3.8% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/April-WASDE-Report-Brings-Bearish-Surprise

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