# MARCH 2024 WASDE REPORT SUMMARY AND NOTES: - CIH

> CIH viewed the March WASDE as relatively neutral for corn, soybeans and wheat because balance sheets matched expectations. USDA lowered the 2023/24 corn season-average farm price to $4.75 per bushel and trimmed global corn ending stocks to 319.63 million tonnes, the highest since 2018/19.

- Date: 2024-03-08 · published 2024-03-08T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/31131-march-2024-wasde-report-summary-and-notes-cih
- 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

Neutral domestic balance sheets and record Brazil and Argentina corn output keep feed grain prices capped, with attention shifting to the March 28 Prospective Plantings report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-08-12 | [AUGUST 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/23275-august-2025-wasde-report-summary-and-notes-cih.md) | +0.0% | +4.3% |
| CORN | 2026-01-12 | [January 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/7096-january-2026-wasde-report-summary-and-notes-cih.md) | -2.8% | -1.7% |
| CORN | 2024-01-12 | [JANUARY 2024 WASDE REPORT SUMMARY & NOTES: - CIH](https://feedsoft.ai/events/32064-january-2024-wasde-report-summary-and-notes-cih.md) | -0.9% | -5.5% |
| CORN | 2023-09-12 | [SEPTEMBER 2023 WASDE REPORT SUMMARY & NOTES: - CIH](https://feedsoft.ai/events/34041-september-2023-wasde-report-summary-and-notes-cih.md) | -8.6% | -6.6% |
| CORN | 2022-03-10 | [March WASDE Report Not a Huge Surprise, but Wheat Liquidation Continues](https://feedsoft.ai/events/42240-march-wasde-report-not-a-huge-surprise-but-wheat-liquidation-continues.md) | +2.5% | +11.8% |
| SOY | 2026-03-10 | [March 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/20211-march-2026-wasde-report-summary-and-notes-cih.md) | -2.1% | -1.9% |
| SOY | 2024-04-11 | [APRIL 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/30677-april-2024-wasde-report-summary-and-notes-cih.md) | -1.3% | +4.1% |
| SOY | 2024-10-11 | [OCTOBER 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/27806-october-2024-wasde-report-summary-and-notes-cih.md) | -2.6% | +0.1% |

## Sources

- cihedging.com: https://www.cihedging.com/posts/articles/march-2024-wasde-report-summary-and-notes/

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