# Pre-report estimates pretty close to WASDE - Mecardo

> Mecardo says the August WASDE showed benign global supply and demand changes, with US corn and soybean production trimmed slightly and largely expected. Markets showed little reaction, and Ukraine's wheat output was raised 3.5 million tonnes while Canada's was cut 2 million.

- Date: 2023-08-15 · published 2023-08-15T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34528-pre-report-estimates-pretty-close-to-wasde-mecardo
- 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

Limited revisions and a muted market reaction mean the report offers little new price direction for corn, soybeans or wheat, though the Canadian wheat cut is mildly supportive.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-06-12 | [USDA Releases Latest WASDE Report](https://feedsoft.ai/events/70425-usda-releases-latest-wasde-report.md) | -0.6% | +2.1% |
| CORN | 2026-06-01 | [USDA Releases First New-Crop Estimates in Today's WASDE](https://feedsoft.ai/events/19197-usda-releases-first-new-crop-estimates-in-today-s-wasde.md) | -5.5% | -10.2% |
| CORN | 2026-03-10 | [March 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/20211-march-2026-wasde-report-summary-and-notes-cih.md) | +3.2% | +2.8% |
| CORN | 2023-02-08 | [February USDA WASDE Report Neutral and Close to Expectations but Moved Markets Higher](https://feedsoft.ai/events/37261-february-usda-wasde-report-neutral-and-close-to-expectations-but-moved-markets.md) | -0.3% | -4.2% |
| CORN | 2024-04-11 | [APRIL 2024 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/30677-april-2024-wasde-report-summary-and-notes-cih.md) | -0.4% | +0.8% |
| SOY | 2026-03-10 | [March 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/20211-march-2026-wasde-report-summary-and-notes-cih.md) | -2.1% | -1.9% |
| SOY | 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) | +2.1% | +2.4% |
| SOY | 2023-02-08 | [February USDA WASDE Report Neutral and Close to Expectations but Moved Markets Higher](https://feedsoft.ai/events/37261-february-usda-wasde-report-neutral-and-close-to-expectations-but-moved-markets.md) | +1.5% | +0.8% |

## Sources

- mecardo.com.au: https://mecardo.com.au/pre-report-estimates-pretty-close-to-wasde/

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