# Cash Strategist 4/19/2023

> Iowa Farm Bureau's Cash Strategist notes that USDA's April WASDE made very few changes to domestic balance sheets. Corn ending stocks held at 1.342 billion bushels, soybean stocks at 210 million, and wheat carryout rose 30 million bushels.

- Date: 2023-04-17 · published 2023-04-17T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36346-cash-strategist-4-19-2023
- 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 the U.S. corn and soybean balance sheets largely unchanged, there is no new supply shock to move prices. The wheat carryout increase is a mild bearish signal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-12-13 | [EU (28) grain crop estimate for 2019 from Strategy](https://feedsoft.ai/events/61505-eu-28-grain-crop-estimate-for-2019-from-strategy.md) | -0.1% | +1.1% |
| CORN | 2024-03-14 | [US Corn Crop in 2023](https://feedsoft.ai/events/13197-us-corn-crop-in-2023.md) | +1.8% | -5.4% |
| CORN | 2021-08-01 | [Grain Transportation Report, August 19, 2021](https://feedsoft.ai/events/45462-grain-transportation-report-august-19-2021.md) | +1.0% | +0.7% |
| CORN | 2023-09-01 | [Brazil’s 2023/24 First Corn Crop 7.3% Planted](https://feedsoft.ai/events/13627-brazil-s-2023-24-first-corn-crop-7-3-planted.md) | +1.5% | -5.7% |
| CORN | 2023-05-31 | [Dashboard Report: May 2023](https://feedsoft.ai/events/13278-dashboard-report-may-2023.md) | -1.8% | +0.1% |
| SOY | 2023-07-17 | [NOPA Soybean Crush Summary - June 2023](https://feedsoft.ai/events/35115-nopa-soybean-crush-summary-june-2023.md) | +0.4% | -6.3% |
| SOY | 2021-08-01 | [Grain Transportation Report, August 19, 2021](https://feedsoft.ai/events/45462-grain-transportation-report-august-19-2021.md) | +0.5% | -3.9% |
| SOY | 2025-05-12 | [USDA Forecasts 15.8 BB Corn, 4.34 BB Soybeans for 2025-26](https://feedsoft.ai/events/24607-usda-forecasts-15-8-bb-corn-4-34-bb-soybeans-for-2025-26.md) | +0.6% | +1.1% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/Cash-Strategist-4192023

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