# Few Surprises in April WASDE Report | Red River Farm Network

> USDA's April WASDE left U.S. corn ending stocks unchanged and made only minor changes to wheat and soybean stocks. The agency cut corn feed and residual use by 25 million bushels and raised ethanol demand, while leaving exports unchanged. Wheat and soybean figures were within trade expectations.

- Date: 2022-04-08 · published 2022-04-08T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/41796-few-surprises-in-april-wasde-report-red-river-farm-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Unchanged corn stocks despite a shift from feed to ethanol use keeps the U.S. balance sheet steady, so the report gives little new direction for feed corn prices.

## Read by commodity

- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-08 | [No Surprises in Stocks Report \| Red River Farm Network](https://feedsoft.ai/events/32637-no-surprises-in-stocks-report-red-river-farm-network.md) | -2.7% | -0.3% |
| CORN | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | -6.7% | -7.2% |
| CORN | 2020-09-14 | [A Slight Surprise for Soybeans in Friday’s Report \| Red River Farm Network](https://feedsoft.ai/events/51067-a-slight-surprise-for-soybeans-in-friday-s-report-red-river-farm-network.md) | +3.4% | +4.6% |
| CORN | 2019-12-11 | [More Details Expected in January WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/55515-more-details-expected-in-january-wasde-report-red-river-farm-network.md) | +5.1% | +4.1% |
| CORN | 2020-02-20 | [Focus on Ag: February WASDE report offers very few surprises](https://feedsoft.ai/events/54559-focus-on-ag-february-wasde-report-offers-very-few-surprises.md) | -2.4% | -7.1% |

## Sources

- rrfn.com: https://www.rrfn.com/2022/04/08/not-too-many-surprises-in-april-wasde-report/

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