# Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News

> Reuters-polled data from USDA's October 12 WASDE show US corn yield at 173.0 bpa and production at 15,064 million bushels, below market expectations. Soybean production at 4,104 million bushels was also below expectations. Corn ending stocks were 2,111 million bushels, 45 million below expectations, and wheat stocks were 670 million bushels, above expectations.

- Date: 2023-10-12 · published 2023-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33587-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market
- 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

Corn and soybean supplies came in tighter than the trade expected, supporting feed grain prices. Wheat stocks above expectations weigh on wheat prices as a feed substitute.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-12 | [Key data in USDA's September 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39552-key-data-in-usda-s-september-12-wasde-report-and-difference-from-market.md) | -1.1% | -1.5% |
| CORN | 2022-08-12 | [Key data in USDA's August 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39958-key-data-in-usda-s-august-12-wasde-report-and-difference-from-market.md) | -0.7% | -1.6% |
| CORN | 2024-05-12 | [Key data in USDA's May 10 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30218-key-data-in-usda-s-may-10-wasde-report-and-difference-from-market-expectations.md) | -0.0% | +0.5% |
| CORN | 2022-09-30 | [Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News](https://feedsoft.ai/events/39554-key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market.md) | +1.0% | +3.8% |
| CORN | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -0.7% | -1.6% |
| SOY | 2022-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39093-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | -0.3% | +4.9% |
| SOY | 2022-09-12 | [Key data in USDA's September 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39552-key-data-in-usda-s-september-12-wasde-report-and-difference-from-market.md) | -2.7% | -8.2% |
| SOY | 2022-12-09 | [Key data in USDA's December 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38184-key-data-in-usda-s-december-9-wasde-report-and-difference-from-market.md) | -0.9% | +1.2% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2023/10/12/key-data-in-usdas-october-12-wasde-report-and-difference-from-market-expectations-2/

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