# SEPTEMBER 2023 WASDE REPORT SUMMARY & NOTES: - CIH

> CIH's summary of the September WASDE says corn was bearish relative to trade expectations, soybeans neutral, and wheat supportive. USDA raised corn planted and harvested acres by 800,000 each, offsetting the yield cut, and world wheat production and ending stocks were lowered sharply.

- Date: 2023-09-12 · published 2023-09-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34041-september-2023-wasde-report-summary-and-notes-cih
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn supply was larger than the trade expected, pressuring feed grain values, while sharply lower world wheat stocks support wheat prices and wheat-based feed costs.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-09-20 | 5 | -8.8% | -2.9 | Higher harvested acres offset the yield cut so corn was bearish versus trade expectations. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-03-08 | [MARCH 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/31131-march-2024-wasde-report-summary-and-notes-cih.md) | -0.3% | -3.1% |
| 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 | 2026-09-14 | [September 2026 WASDE Report Recap](https://feedsoft.ai/events/17404-september-2026-wasde-report-recap.md) | +2.7% | -2.1% |
| WHEAT | 2022-09-01 | [Grain Transportation Report, September 1, 2022](https://feedsoft.ai/events/14902-grain-transportation-report-september-1-2022.md) | -1.4% | +3.8% |
| WHEAT | 2021-11-29 | [Market Report - 29 November 2021 \| AHDB](https://feedsoft.ai/events/12236-market-report-29-november-2021-ahdb.md) | -1.1% | -3.5% |
| WHEAT | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | +2.5% | +4.2% |

## Sources

- cihedging.com: https://www.cihedging.com/posts/articles/september-wasde-report-summary-notes/

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