# December USDA WASDE Report Holds Little Excitement for Traders, With Few Surprises

> USDA's December 9 WASDE report made few changes that moved corn prices. USDA cut the U.S. corn export forecast by 75 million bushels, in line with trade estimates, and raised 2022-23 ending stocks by the same amount to 1.257 billion bushels. World corn ending stocks were lowered by 2.4 million tonnes to 298.4 million.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38183-december-usda-wasde-report-holds-little-excitement-for-traders-with-few
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger U.S. corn carryout with weaker export demand is mildly bearish for corn prices, but the report was largely expected and the trade focus stayed on soybean oil.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-09 | [USDA surprises trade with latest report \| The Western Producer](https://feedsoft.ai/events/33115-usda-surprises-trade-with-latest-report-the-western-producer.md) | -1.5% | -1.0% |
| CORN | 2018-12-14 | [USDA reports provide few surprises](https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises.md) | +0.5% | +0.1% |
| CORN | 2019-01-01 | [USDA Reports Provide Surprises for Corn](https://feedsoft.ai/events/61054-usda-reports-provide-surprises-for-corn.md) | +1.4% | +1.8% |
| CORN | 2019-12-09 | [History Shows Lack of Excitement for Dec WASDE](https://feedsoft.ai/events/55517-history-shows-lack-of-excitement-for-dec-wasde.md) | -2.5% | +1.2% |
| CORN | 2019-08-13 | [USDA CROP REPORT SURPRISES TRADE – McLean County Farm Bureau](https://feedsoft.ai/events/11742-usda-crop-report-surprises-trade-mclean-county-farm-bureau.md) | -3.3% | -8.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/news/article/2022/12/09/december-usda-wasde-report-holds

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