# Here's What You Need to Know About USDA's July WASDE Report - AgWeb

> USDA's July WASDE cut the 2023 corn yield by 4 bushels to 177.5 bu/acre but still raised production on higher planted area. Soybean 2023/24 ending stocks came in at 300 million bushels, about 100 million above trade estimates. USDA made rare early-season changes to supply and demand.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/34980-here-s-what-you-need-to-know-about-usda-s-july-wasde-report-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record-large corn output and higher soybean stocks than expected point to ample feed supplies and softer corn, soybean and meal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-16 | [Was the July WASDE Report a Gift From the USDA?](https://feedsoft.ai/events/7053-was-the-july-wasde-report-a-gift-from-the-usda.md) | -8.6% | -12.6% |
| CORN | 2019-07-12 | [USDA releases July WASDE report - High Plains Journal](https://feedsoft.ai/events/58045-usda-releases-july-wasde-report-high-plains-journal.md) | -3.2% | -7.0% |
| CORN | 2020-07-10 | [July WASDE report fails to inspire corn gains](https://feedsoft.ai/events/52076-july-wasde-report-fails-to-inspire-corn-gains.md) | -4.9% | -7.5% |
| CORN | 2016-11-10 | [9 highlights of USDA’s latest WASDE report \| Feed Strategy](https://feedsoft.ai/events/73819-9-highlights-of-usda-s-latest-wasde-report-feed-strategy.md) | -3.7% | -1.2% |
| CORN | 2025-10-04 | [Where Did USDA Find the Additional Corn in the Quarterly Stocks Report? - AgWeb](https://feedsoft.ai/events/22331-where-did-usda-find-the-additional-corn-in-the-quarterly-stocks-report-agweb.md) | -0.1% | +1.7% |
| SOY | 2023-07-16 | [Was the July WASDE Report a Gift From the USDA?](https://feedsoft.ai/events/7053-was-the-july-wasde-report-a-gift-from-the-usda.md) | +0.4% | -6.3% |
| SOY | 2024-04-11 | [Here's Why Analysts Are Scratching Their Heads After USDA's New WASDE Report](https://feedsoft.ai/events/30670-here-s-why-analysts-are-scratching-their-heads-after-usda-s-new-wasde-report.md) | -1.3% | +4.1% |
| SOY | 2025-07-11 | [USDA Releases July 2025 WASDE Report \| Agriculture of America](https://feedsoft.ai/events/23709-usda-releases-july-2025-wasde-report-agriculture-of-america.md) | +0.9% | -4.0% |

## Sources

- agweb.com: https://www.agweb.com/markets/usda-reports/heres-what-you-need-know-about-usdas-july-wasde-report

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