# Commodities Overview Apr 2024 Edition - ADM Investor Services

> The April 2024 WASDE cut U.S. corn ending stocks by 50 million bushels to 2.122 billion, while raising U.S. soybean ending stocks 25 million bushels to 340 million. Wheat ending stocks rose 25 million bushels to 698 million. Global corn and bean stocks were also updated.

- Date: 2024-04-24 · published 2024-04-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher U.S. soybean and wheat stocks are bearish for prices, while the corn stock reduction is supportive. Market participants watch these balance sheets for the season's price direction.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-20 | [Commodities Overview May 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30216-commodities-overview-may-2024-edition-adm-investor-services.md) | +1.9% | +5.4% |
| CORN | 2024-07-26 | [Commodities Overview July 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/29411-commodities-overview-july-2024-edition-adm-investor-services.md) | -3.3% | -5.7% |
| CORN | 2022-10-25 | [Commodities Overview Oct 2022 Edition - ADM Investor Services](https://feedsoft.ai/events/8069-commodities-overview-oct-2022-edition-adm-investor-services.md) | -1.4% | -2.7% |
| CORN | 2024-11-21 | [Commodities Overview November 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/11135-commodities-overview-november-2024-edition-adm-investor-services.md) | -3.5% | +1.6% |
| CORN | 2023-12-22 | [Commodities Overview Dec 2023 Edition - ADM Investor Services](https://feedsoft.ai/events/11285-commodities-overview-dec-2023-edition-adm-investor-services.md) | +2.4% | -1.8% |
| SOY | 2024-08-16 | [Commodities Overview August 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/28853-commodities-overview-august-2024-edition-adm-investor-services.md) | -1.1% | +3.7% |
| SOY | 2026-02-24 | [Commodities Overview February 2026 Edition - ADM Investor Services](https://feedsoft.ai/events/20621-commodities-overview-february-2026-edition-adm-investor-services.md) | +1.4% | +2.6% |
| SOY | 2021-06-17 | [Ag Market View for June 17th - ADM Investor Services](https://feedsoft.ai/events/7309-ag-market-view-for-june-17th-adm-investor-services.md) | -4.4% | -0.1% |

## Sources

- admis.com: https://www.admis.com/commodities-overview-apr-2024-edition/

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