# Wasde report corners grain market - Analysis Grains & Raw Material | Boerenbusiness. Nl

> The July WASDE surprised grain markets with higher US wheat, corn and soybean yield and supply forecasts. September Chicago wheat fell 4.2% to $6.33 and December corn dropped 3.9%, while August soybeans lost 2%. Global wheat stocks were revised down about 900,000 tonnes from June.

- Date: 2023-07-13 · published 2023-07-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/34987-wasde-report-corners-grain-market-analysis-grains-and-raw-material
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Upward US supply revisions and a sharp drop in futures prices signal a bearish near-term outlook for grains, partly offset by slightly lower global wheat stocks.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-11-09 | [China's revised figures shake up grain market - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/61989-china-s-revised-figures-shake-up-grain-market-inside-grains-and-raw-material.md) | -0.4% | +1.0% |
| WHEAT | 2020-03-23 | [MARS: More wheat despite wet winter - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/54065-mars-more-wheat-despite-wet-winter-inside-grains-and-raw-material.md) | -6.6% | -4.4% |
| WHEAT | 2019-06-18 | [Rain in time for European cereal crops - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/58533-rain-in-time-for-european-cereal-crops-inside-grains-and-raw-material.md) | +7.1% | -3.2% |
| WHEAT | 2024-04-12 | [Key data in USDA's April 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30672-key-data-in-usda-s-april-11-wasde-report-and-difference-from-market.md) | -0.7% | -0.2% |
| WHEAT | 2023-04-11 | [Key data in USDA's April 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/36341-key-data-in-usda-s-april-11-wasde-report-and-difference-from-market.md) | +8.8% | -0.9% |
| CORN | 2017-10-17 | [Chinese pig herd grows by millions - Inside: Pig market \| Boerenbusiness. Nl](https://feedsoft.ai/events/68441-chinese-pig-herd-grows-by-millions-inside-pig-market-boerenbusiness-nl.md) | +0.1% | -5.2% |
| CORN | 2020-03-23 | [COCERAL cuts 2020 EU grain estimate market report](https://feedsoft.ai/events/54066-coceral-cuts-2020-eu-grain-estimate-market-report.md) | -0.8% | -5.0% |
| CORN | 2017-07-12 | [Grain market tumbles following USDA report - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6473-grain-market-tumbles-following-usda-report-iowa-agribusiness-radio-network.md) | -4.1% | -5.2% |

## Sources

- en.boerenbusiness.nl: https://en.boerenbusiness.nl/granen-grondstof/artikel/10905067/wasde-rapport-drijft-graanmarkt-in-het-nauw

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