# USDA's June WASDE report brings few notable changes - Grainews

> USDA's June WASDE made few major changes, with U.S. wheat production at 1.665 billion bushels and ending stocks at 562 million, slightly below trade expectations. Corn 2023/24 ending stocks rose to 2.257 billion bushels, near the trade guess. Soybean ending stocks matched expectations at 350 million bushels, with South American estimates also reviewed.

- Date: 2023-06-09 · published 2023-06-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews
- 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

With most figures in line with expectations, there is little new price driver for corn, soybeans or wheat. Markets are likely to focus on the June 30 acreage report.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | -1.6% | -13.3% |
| CORN | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +0.3% | +4.6% |
| CORN | 2026-06-11 | [USDA makes limited changes in June WASDE update - Brownfield Ag News](https://feedsoft.ai/events/18732-usda-makes-limited-changes-in-june-wasde-update-brownfield-ag-news.md) | +0.4% | -0.5% |
| CORN | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +1.0% | +5.3% |
| CORN | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | +1.0% | +5.3% |
| SOY | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +3.7% | +1.7% |
| SOY | 2026-06-11 | [USDA makes limited changes in June WASDE update - Brownfield Ag News](https://feedsoft.ai/events/18732-usda-makes-limited-changes-in-june-wasde-update-brownfield-ag-news.md) | +0.8% | +6.5% |
| SOY | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +0.7% | +3.8% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/usdas-june-wasde-report-brings-few-notable-changes/

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