# Neutral WASDE report maintains expectations – Ohio Ag Net | Ohio's Country Journal

> The February WASDE was described as benign, with grains moving only slightly around the release. USDA's US figures showed corn ending stocks at 1.267 billion bushels and soybeans at 225 million, while Argentina's soybean output was cut 4.5 million tons to 41.5 million.

- Date: 2023-02-08 · published 2023-02-08T12:00:00.000Z
- Category: report · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37265-neutral-wasde-report-maintains-expectations-ohio-ag-net-ohio-s-country-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Little price movement suggests the market had already priced in the report. Argentina's shortfall supports soymeal demand from alternative origins.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-15 | [A look at the August WASDE – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/5616-a-look-at-the-august-wasde-ohio-ag-net-ohio-s-country-journal.md) | -0.9% | -1.3% |
| CORN | 2021-03-09 | [Mixed March 9 USDA WASDE numbers – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/48071-mixed-march-9-usda-wasde-numbers-ohio-ag-net-ohio-s-country-journal.md) | -10.3% | -1.3% |
| CORN | 2017-05-10 | [Not bearish, neutral to friendly – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/70937-not-bearish-neutral-to-friendly-ohio-ag-net-ohio-s-country-journal.md) | +0.3% | +2.4% |
| CORN | 2023-02-08 | [February USDA WASDE Report Neutral and Close to Expectations but Moved Markets Higher](https://feedsoft.ai/events/37261-february-usda-wasde-report-neutral-and-close-to-expectations-but-moved-markets.md) | -0.3% | -4.2% |
| CORN | 2020-06-16 | [Weather, China and soybean crush key market factors – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/11070-weather-china-and-soybean-crush-key-market-factors-ohio-ag-net-ohio-s-country.md) | -0.0% | +0.5% |
| SOY | 2017-01-12 | [Mixed results from big January report – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/72938-mixed-results-from-big-january-report-ohio-ag-net-ohio-s-country-journal.md) | +6.7% | +4.7% |
| SOY | 2020-06-16 | [Weather, China and soybean crush key market factors – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/11070-weather-china-and-soybean-crush-key-market-factors-ohio-ag-net-ohio-s-country.md) | +0.8% | +1.5% |
| SOY | 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) | +4.7% | +7.7% |

## Sources

- ocj.com: https://ocj.com/2023/02/neutral-wasde-report-maintains-expectations/

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