# USDA's WASDE report throws a few curveballs - Grainews

> The November WASDE surprised markets with higher US corn, soybean and wheat ending stocks, and corn yields came in above trade expectations. Soybean yields rose to 49.9 bushels per acre, and the corn carryover reached 2.16 billion bushels, well above the 2.11 billion of October.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/33119-usda-s-wasde-report-throws-a-few-curveballs-grainews
- 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

Higher carryover stocks across corn, soybeans and wheat point to a looser supply picture, which keeps feed grain and meal prices under pressure. The changes are within the range of trade expectations, which limits the size of the price reaction.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-16 | [Was the July WASDE Report a Gift From the USDA?](https://feedsoft.ai/events/7053-was-the-july-wasde-report-a-gift-from-the-usda.md) | -8.6% | -12.6% |
| CORN | 2021-05-12 | [Grain Traders Already Questioning USDA’s WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/47041-grain-traders-already-questioning-usda-s-wasde-report-red-river-farm-network.md) | -7.8% | -3.3% |
| CORN | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -8.8% | -9.3% |
| CORN | 2017-09-12 | [September WASDE throws grains in the red \| Farm Progress](https://feedsoft.ai/events/68899-september-wasde-throws-grains-in-the-red-farm-progress.md) | +0.9% | +3.8% |
| CORN | 2016-11-10 | [9 highlights of USDA’s latest WASDE report \| Feed Strategy](https://feedsoft.ai/events/73819-9-highlights-of-usda-s-latest-wasde-report-feed-strategy.md) | -3.7% | -1.2% |
| SOY | 2023-07-16 | [Was the July WASDE Report a Gift From the USDA?](https://feedsoft.ai/events/7053-was-the-july-wasde-report-a-gift-from-the-usda.md) | +0.4% | -6.3% |
| SOY | 2016-10-13 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/9407-usda-wasde-report-at-a-glance.md) | +3.8% | +3.9% |
| SOY | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -0.3% | +8.4% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/usdas-wasde-report-throws-a-few-curveballs/

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