# Turner's Take Ag Markets | April WASDE Has Few Surprises

> StoneX reports that the April WASDE had few grain and oilseed surprises. USDA cut U.S. rice ending stocks from 36.1 to 28.1 million cwt, the lowest since 2003/04, as domestic use and exports rose and imports hit record lows.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/36344-turner-s-take-ag-markets-april-wasde-has-few-surprises
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A sharp rice stocks cut tightens the U.S. and global rice balance, which supports rough rice prices. Global stocks were also lowered to their lowest since 2017/18.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-11-19 | [November 2025 WASDE Report is Relatively Quiet Despite Surprises in Production and Exports](https://feedsoft.ai/events/21972-november-2025-wasde-report-is-relatively-quiet-despite-surprises-in-production.md) | -1.7% | -9.4% |
| RICE | 2025-12-01 | [November WASDE shows mixed crop prices](https://feedsoft.ai/events/21541-november-wasde-shows-mixed-crop-prices.md) | -0.9% | -5.6% |
| RICE | 2024-08-14 | [India’s role as key supplier in global grains market has shrunk, says USDA - The HinduBusinessLine](https://feedsoft.ai/events/28730-india-s-role-as-key-supplier-in-global-grains-market-has-shrunk-says-usda-the.md) | +1.1% | +3.8% |
| RICE | 2018-04-26 | [Smaller US maize harvest hikes prices \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/10866-smaller-us-maize-harvest-hikes-prices-analysis-and-features-the-grocer.md) | -2.7% | -9.0% |
| RICE | 2018-09-30 | [Farm exports rise 5% in April-August - The HinduBusinessLine](https://feedsoft.ai/events/62998-farm-exports-rise-5-in-april-august-the-hindubusinessline.md) | +10.6% | +9.7% |

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/turner-s-take-ag-markets-april-wasde-has-few-surprises/

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