# WASDE update: Higher corn output from Ukraine

> The June WASDE left U.S. and global corn, wheat and soybean balance sheets largely unchanged. U.S. 2022/23 corn ending stocks rose to 1.4 billion bushels, and Ukrainian corn output was raised to 25 mt, although exports were unchanged because of the war.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/40898-wasde-update-higher-corn-output-from-ukraine
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher corn stocks are mildly bearish, but Ukraine's larger crop cannot reach export markets while the war continues, limiting its price impact. Market reaction is expected to stay muted until the USDA acreage report.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +0.8% | -4.7% |
| CORN | 2024-01-12 | [January WASDE: Higher U.S. Corn and Soy Yield and Stocks](https://feedsoft.ai/events/32060-january-wasde-higher-u-s-corn-and-soy-yield-and-stocks.md) | -0.9% | -5.5% |
| CORN | 2026-06-18 | [Futures Fall After June WASDE Reveals Higher Corn Stocks](https://feedsoft.ai/events/18734-futures-fall-after-june-wasde-reveals-higher-corn-stocks.md) | -1.2% | +0.1% |
| CORN | 2019-07-23 | [Mexico’s corn output to be higher than estimated \| 2019-07-23  \| World Grain](https://feedsoft.ai/events/58065-mexico-s-corn-output-to-be-higher-than-estimated-2019-07-23-world-grain.md) | +0.9% | -10.8% |
| CORN | 2023-09-13 | [WASDE update: Tighter wheat and looser corn market \| articles \| ING THINK](https://feedsoft.ai/events/34042-wasde-update-tighter-wheat-and-looser-corn-market-articles-ing-think.md) | -7.1% | -5.9% |
| WHEAT | 2024-10-16 | [October 2024 WASDE Update](https://feedsoft.ai/events/27805-october-2024-wasde-update.md) | -1.1% | -1.6% |
| WHEAT | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | +5.7% | -5.3% |
| WHEAT | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | -7.3% | -3.6% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-higher-output-from-ukraine

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