# Corn and soy export expectations drop in Friday's WASDE report

> USDA's June WASDE raised U.S. 2022/23 corn ending stocks to 1.452 billion bushels and soybean stocks to 230 million, both above May and trade expectations. For 2023/24, corn and soybean ending stocks also came in above estimates, while wheat stocks were near forecasts. Corn and soybean export expectations were lowered.

- Date: 2023-06-09 · published 2023-06-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/35443-corn-and-soy-export-expectations-drop-in-friday-s-wasde-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher projected U.S. stocks and lower export demand point to ample supplies, which weighs on corn and soybean prices and eases feed-cost pressure for buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.8% | +1.0% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |
| CORN | 2021-06-15 | [Exports, demand eyed in WASDE report](https://feedsoft.ai/events/46511-exports-demand-eyed-in-wasde-report.md) | -1.6% | +2.5% |
| 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% |
| 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% |
| SOY | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +1.5% | -1.1% |
| SOY | 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) | -2.2% | +2.9% |

## Sources

- agriculture.com: https://www.agriculture.com/news/crops/usda-hikes-up-domestic-corn-and-soy-supply-estimates?did=9374933-20230609&lctg=3c0545dd1a819ca74fc0f935afb4da17b0035420

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