# AUGUST 2023 WASDE REPORT SUMMARY & NOTES: - CIH

> CIH's summary of the August 2023 WASDE said corn yield was 175.1 bushels per acre, down 2.4 from July and slightly below analysts' average. Corn ending stocks were cut 60 million bushels to 2.2 billion, and the season-average farm price was raised to $4.90 per bushel. Global corn production and ending stocks were also lowered, with China's output cut for excess rain.

- Date: 2023-08-11 · published 2023-08-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34512-august-2023-wasde-report-summary-and-notes-cih
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower global corn stocks and a higher farm price forecast support corn prices. The report was broadly in line with expectations, so the market reaction was limited.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-06-12 | [June 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/24172-june-2025-wasde-report-summary-and-notes-cih.md) | +0.0% | -4.5% |
| CORN | 2025-01-10 | [JANUARY 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/26456-january-2025-wasde-report-summary-and-notes-cih.md) | +3.2% | +5.6% |
| CORN | 2026-02-10 | [February 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/20549-february-2026-wasde-report-summary-and-notes-cih.md) | +0.7% | +1.9% |
| CORN | 2025-12-09 | [December 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/21442-december-2025-wasde-report-summary-and-notes-cih.md) | +0.1% | +0.5% |
| CORN | 2026-08-14 | [August 2026 WASDE](https://feedsoft.ai/events/17851-august-2026-wasde.md) | +4.0% | +10.7% |

## Sources

- cihedging.com: https://www.cihedging.com/posts/articles/august-2023-wasde-report-summary-notes/

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