USDA’s WASDE leaves most grain and oilseed estimates unchanged

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.+0.0%
• Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-6.0%
• Mar 11, 2020‘Benign’ WASDE makes minimal changes in numbers | 2020-03-10 | Agri-Pulse Communications, Inc.-6.0%
• Jun 30, 2023More corn, less soybeans revealed in USDA crop acreage, grain stocks reports | Agri-Pulse Communications, Inc.-2.3%
• May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.-1.8%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Dec 9, 2021USDA maintains corn, soybean stocks estimates, gives bearish wheat figures in December WASDE | Agri-Pulse Communications, Inc.+0.1%
• Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.7%
• Dec 12, 2018Few surprises in last WASDE of 2018 | 2018-12-11 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.8%
• Feb 24, 2022USDA sees bigger soy production, exports and crush for 2022-23 | 2022-02-24 | Agri-Pulse Communications, Inc.+0.1%
• Nov 9, 2022WASDE reveals small crops are done getting smaller | Agri-Pulse Communications, Inc.+0.9%