# Markets snooze on December 2022 WASDE

> The December 2022 WASDE showed few major changes for U.S. soybeans and wheat, and the market reaction was muted. U.S. corn ending stocks rose 75 million bushels to 1.257 billion after a 3.5% cut in exports to 2.075 billion. USDA also cut Ukraine's 2022/23 corn crop by over 177 million bushels to 1.063 billion.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38186-markets-snooze-on-december-2022-wasde
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower U.S. corn exports and higher stocks are bearish for corn, while the cut to Ukraine's crop removes some export supply and offsets part of that pressure.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-12 | [Arable Market Report - 12 December 2022 \| AHDB](https://feedsoft.ai/events/5516-arable-market-report-12-december-2022-ahdb.md) | +1.6% | +2.6% |
| CORN | 2021-12-09 | [December 2021 WASDE: Wheat takes the hit on easing supply pressure](https://feedsoft.ai/events/43524-december-2021-wasde-wheat-takes-the-hit-on-easing-supply-pressure.md) | -0.4% | -0.7% |
| CORN | 2024-09-16 | [September 2024 WASDE Recap](https://feedsoft.ai/events/28258-september-2024-wasde-recap.md) | +1.6% | +2.7% |
| CORN | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | -13.6% | -16.3% |
| CORN | 2022-12-12 | [U.S. corn stocks rise in December WASDE](https://feedsoft.ai/events/38187-u-s-corn-stocks-rise-in-december-wasde.md) | +1.6% | +2.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/markets-snooze-on-december-2022-wasde

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