# WASDE update: Corn and soybean markets tighten | articles | ING THINK

> ING reported that the March WASDE was constructive for corn and soybeans, as global corn supply losses from South Africa, Ukraine, Mexico and Russia pushed global corn ending stocks down 2.4 million tonnes to 319.6 million. U.S. soybean ending stocks were held at 315 million bushels, below trade expectations of about 319 million.

- Date: 2024-03-11 · published 2024-03-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think
- 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

Tighter global corn inventories and lower-than-expected U.S. soybean stocks support corn and soybean prices, although the U.S. corn carryout remains ample.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | -1.7% | -9.0% |
| CORN | 2021-04-12 | [WASDE update: Tightening corn balance \| articles \| ING THINK](https://feedsoft.ai/events/47548-wasde-update-tightening-corn-balance-articles-ing-think.md) | +0.9% | +25.0% |
| CORN | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +1.7% | +1.8% |
| CORN | 2022-02-10 | [WASDE update: Soybeans rally on tighter balance \| articles \| ING THINK](https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think.md) | -0.0% | +11.8% |
| CORN | 2022-08-15 | [WASDE update: Further tightening for corn expected \| articles \| ING THINK](https://feedsoft.ai/events/6533-wasde-update-further-tightening-for-corn-expected-articles-ing-think.md) | -1.1% | -0.5% |
| SOY | 2023-09-13 | [WASDE update: Tighter wheat and looser corn market \| articles \| ING THINK](https://feedsoft.ai/events/34042-wasde-update-tighter-wheat-and-looser-corn-market-articles-ing-think.md) | -1.2% | -4.5% |
| SOY | 2024-11-11 | [WASDE update: Soybean yield revisions tighten up market \| articles \| ING THINK](https://feedsoft.ai/events/27340-wasde-update-soybean-yield-revisions-tighten-up-market-articles-ing-think.md) | -1.8% | -2.6% |
| SOY | 2025-01-13 | [WASDE update: US corn and soybean output estimates cut \| articles \| ING THINK](https://feedsoft.ai/events/26453-wasde-update-us-corn-and-soybean-output-estimates-cut-articles-ing-think.md) | +2.0% | +3.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-corn-and-soybean-markets-tighten/

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