# September WASDE data fails to inspire the bulls

> Farm Futures reports that December corn and November soybean futures each fell more than 1% after the September WASDE, with wheat contracts down almost 2% on large global supplies. USDA raised corn production 23 million bushels and ending stocks 19 million, with the season-average farm price steady at $4.90.

- Date: 2023-09-12 · published 2023-09-12T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/34043-september-wasde-data-fails-to-inspire-the-bulls
- 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 prices fell because the report's numbers were largely expected, and wheat remains pressured by ample global supply, lowering feed grain costs.

## Read by commodity

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

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/september-wasde-data-fails-to-inspire-the-bulls

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