# February WASDE: U.S. supplies higher than traders expected

> USDA's February WASDE raised 2023/24 U.S. ending stocks for corn to 2.172 billion bushels, soybeans to 315 million bushels and wheat to 658 million bushels, all above trade expectations. USDA also trimmed Brazil's corn and Argentina's soybean crop estimates slightly.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/31628-february-wasde-u-s-supplies-higher-than-traders-expected
- 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

Larger-than-expected U.S. carryout signals ample supply and weighs on corn and soybean prices, which pressures feed ingredient costs for buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-12 | [USDA Expects Higher Corn Supplies](https://feedsoft.ai/events/40429-usda-expects-higher-corn-supplies.md) | -13.6% | -16.3% |
| CORN | 2018-09-28 | [U.S. grains: Bigger-than-expected supplies knock down prices - Grainews](https://feedsoft.ai/events/63056-u-s-grains-bigger-than-expected-supplies-knock-down-prices-grainews.md) | -0.4% | -1.8% |
| CORN | 2025-10-08 | [Corn, wheat stocks higher than trade expectations – AgriNews](https://feedsoft.ai/events/22330-corn-wheat-stocks-higher-than-trade-expectations-agrinews.md) | -1.1% | +0.7% |
| CORN | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | +0.5% | +15.2% |
| CORN | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +0.8% | -4.7% |
| SOY | 2018-09-28 | [U.S. grains: Bigger-than-expected supplies knock down prices - Grainews](https://feedsoft.ai/events/63056-u-s-grains-bigger-than-expected-supplies-knock-down-prices-grainews.md) | +0.5% | -1.5% |
| SOY | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +1.5% | -1.1% |
| SOY | 2016-11-10 | [WASDE Crop Estimates All Higher Than In October](https://feedsoft.ai/events/73826-wasde-crop-estimates-all-higher-than-in-october.md) | +0.8% | +5.7% |

## Sources

- agriculture.com: https://www.agriculture.com/february-wasde-8567547?did=11890568-20240208&hid=3c0545dd1a819ca74fc0f935afb4da17b0035420&lctg=3c0545dd1a819ca74fc0f935afb4da17b0035420

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