# Corn struggles for gains after quiet WASDE

> Corn futures struggled to gain after the April WASDE left Brazilian corn and soybean estimates unchanged. Soybean prices kept falling, and wheat fell about a penny as Russian, Ukrainian and Australian supplies increased and Middle East buyers reduced imports. The report made only small changes to ending stocks.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/30675-corn-struggles-for-gains-after-quiet-wasde
- 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

Ample wheat supply from the Black Sea and Australia and weaker Middle East demand point to lower wheat prices. Corn and soybean markets had already priced in the modest changes.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-08 | [WASDE maintains forecast for corn use in ethanol, corn prices \| Ethanol Producer Magazine](https://feedsoft.ai/events/31776-wasde-maintains-forecast-for-corn-use-in-ethanol-corn-prices-ethanol-producer.md) | -1.4% | +1.6% |
| CORN | 2019-11-12 | [Global markets seek direction after benign WASDE - Grain Central](https://feedsoft.ai/events/56020-global-markets-seek-direction-after-benign-wasde-grain-central.md) | -0.5% | -2.9% |
| CORN | 2016-11-17 | [Strategy of grains estimates EU acreage for wheat at](https://feedsoft.ai/events/73796-strategy-of-grains-estimates-eu-acreage-for-wheat-at.md) | +3.0% | +4.6% |
| CORN | 2024-03-13 | [Brazil soy, corn crop estimates widen further after weather woes](https://feedsoft.ai/events/13581-brazil-soy-corn-crop-estimates-widen-further-after-weather-woes.md) | +1.5% | -5.0% |
| CORN | 2024-12-03 | [Corn use for fuel alcohol rises 3% \| Feed & Grain](https://feedsoft.ai/events/27047-corn-use-for-fuel-alcohol-rises-3-feed-and-grain.md) | +3.4% | +7.0% |
| SOY | 2021-11-08 | [WASDE Preview: Watch for larger U.S. corn, soy supplies](https://feedsoft.ai/events/44071-wasde-preview-watch-for-larger-u-s-corn-soy-supplies.md) | +3.5% | +5.8% |
| 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 | 2018-07-12 | [WASDE Boosts Corn, Soybean Stocks – Lakeview Grains, LLC](https://feedsoft.ai/events/64001-wasde-boosts-corn-soybean-stocks-lakeview-grains-llc.md) | +1.5% | +7.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/corn-struggles-for-gains-after-quiet-wasde

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