# Key data in USDA's June 9 Wasde report, and difference from market expectations - Grain Price News

> USDA's June 9 WASDE showed U.S. corn and soybean 2022/23 and 2023/24 ending stocks above last month, and wheat 2023/24 stocks at 562 million bushels, slightly below the trade's expectation. Global soybean and wheat stocks for 2023/24 were also revised higher versus May. The report compares each figure with Reuters-polled market expectations.

- Date: 2023-06-11 · published 2023-06-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/35445-key-data-in-usda-s-june-9-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 stock increases above expectations point to looser supplies and softer prices, while the small wheat miss adds little support. Overall the surprises are modest.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -1.6% | -7.1% |
| 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 | 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 | 2022-11-09 | [Key data in USDA's November 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38643-key-data-in-usda-s-november-9-wasde-report-and-difference-from-market.md) | +1.6% | -5.7% |
| 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 | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | +0.2% | -3.8% |
| 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% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2023/06/11/key-data-in-usdas-june-9-wasde-report-and-difference-from-market-expectations/

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