# Lastest WASDE, Ending stocks Estimates were Neutral for Corn, Soybeans and Wheat - Oklahoma Farm Report

> Analysts at Oklahoma Farm Report discussed the December WASDE, which lowered U.S. corn exports by 75 million bushels and raised ending stocks to 1.257 billion. World wheat ending stocks were slightly lowered, with Argentina's production cut 3 million tonnes to 12.5 million and Canada's lowered 1.2 million to 33.8 million. Australia's crop was raised 2.1 million tonnes to 36.6 million.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/38190-lastest-wasde-ending-stocks-estimates-were-neutral-for-corn-soybeans-and-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower Argentine and Canadian wheat output supports global wheat prices, while the outlook for 2023 corn acreage and yields is a key factor for future corn price direction.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.2% | -0.5% |
| WHEAT | 2021-07-12 | [U.S. corn ending stocks top forecasts in WASDE report](https://feedsoft.ai/events/46002-u-s-corn-ending-stocks-top-forecasts-in-wasde-report.md) | -0.8% | +0.2% |
| WHEAT | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -1.6% | -7.1% |
| WHEAT | 2024-09-13 | [WASDE Report Spurs Wheat & Corn Price Rally, Soybeans Lag \| tastylive](https://feedsoft.ai/events/28257-wasde-report-spurs-wheat-and-corn-price-rally-soybeans-lag-tastylive.md) | -2.1% | +4.4% |
| WHEAT | 2021-07-12 | [July WASDE optimistic for wheat but less so for corn and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/46005-july-wasde-optimistic-for-wheat-but-less-so-for-corn-and-soybeans-agweek-1.md) | -0.8% | +0.2% |
| CORN | 2023-03-08 | [USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report](https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher.md) | -1.6% | -0.6% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |
| CORN | 2018-10-12 | [USDA raises corn, soybean and wheat ending stocks estimates \| 2018-10-12  \| World Grain](https://feedsoft.ai/events/62480-usda-raises-corn-soybean-and-wheat-ending-stocks-estimates-2018-10-12-world.md) | +2.4% | +3.2% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2022/12/09/lastest-wasde-ending-stocks-estimates-were-neutral-for-corn-soybeans-and-wheat/

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