# Key data in USDA's April 11 Wasde report, and difference from market expectations - Grain Price News

> USDA's April 11 WASDE left 2022-23 U.S. corn and soybean ending stocks unchanged at 1,342 and 210 million bushels. U.S. wheat stocks rose 30 million bushels to 598 million, above the market's expectation.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36341-key-data-in-usda-s-april-11-wasde-report-and-difference-from-market
- 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

Higher-than-expected wheat carryout is bearish for wheat prices. Corn and soybean balance sheets were close to trade expectations, so they offer little direction.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-07-13 | [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) | +3.7% | +3.6% |
| WHEAT | 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) | +3.6% | +4.6% |
| WHEAT | 2023-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/33587-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | +0.8% | -0.8% |
| WHEAT | 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) | +1.1% | -9.0% |
| CORN | 2023-08-14 | [Key data in USDA's August 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34511-key-data-in-usda-s-august-11-wasde-report-and-difference-from-market.md) | +0.3% | -1.6% |
| CORN | 2022-05-12 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/41349-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -0.3% | -0.9% |
| CORN | 2023-02-08 | [Key data in USDA's February 8 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/37260-key-data-in-usda-s-february-8-wasde-report-and-difference-from-market.md) | -0.3% | -4.2% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2023/04/11/key-data-in-usdas-april-11-wasde-report-and-difference-from-market-expectations/

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