# Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News

> USDA's July WASDE forecast 2023 US corn yield at 177.5 bu/acre and production at 15.32 billion bushels, both above market expectations. Soybean production fell 210 million bushels to 4.3 billion, but 2023/24 ending stocks were 105 million bushels above expectations. All-wheat stocks were also above trade estimates.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations
- 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 supplies exceed market forecasts, which reduces the price premium for feed grains and meal and points to lower prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/40431-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -11.6% | -12.4% |
| CORN | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -0.1% | -7.3% |
| CORN | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -8.8% | -9.3% |
| CORN | 2023-06-11 | [Key data in USDA's June 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35445-key-data-in-usda-s-june-9-wasde-report-and-difference-from-market-expectations.md) | +6.8% | -3.2% |
| CORN | 2022-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39093-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | +1.9% | -1.0% |
| SOY | 2022-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/40431-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -7.3% | +6.3% |
| SOY | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -0.3% | -3.0% |
| SOY | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -8.9% | -4.3% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2023/07/13/key-data-in-usdas-july-12-wasde-report-and-difference-from-market-expectations-2/

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