# USDA maintains corn, soybean stocks estimates, gives bearish wheat figures in December WASDE | Agri-Pulse Communications, Inc.

> USDA's December WASDE kept key corn, soybean, wheat and rice figures largely unchanged. The biggest changes were in wheat, where lower projected exports and higher ending stocks triggered a bearish price reaction. Analysts described the report as a 'kick the can' release.

- Date: 2021-12-09 · published 2021-12-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/43523-usda-maintains-corn-soybean-stocks-estimates-gives-bearish-wheat-figures-in
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Steady corn and soybean balance sheets leave feed grain prices without a fundamental catalyst, while the wheat export cut weighs on wheat values as US competitiveness slips.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-09 | [USDA forecast larger wheat stocks despite war, but warns of uncertainty \| 2022-03-09 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/42242-usda-forecast-larger-wheat-stocks-despite-war-but-warns-of-uncertainty-2022-03.md) | -3.1% | +3.6% |
| WHEAT | 2021-05-12 | [New-Crop December Corn Falters on Bearish WASDE; Soybeans Maintain Strong Gains](https://feedsoft.ai/events/7468-new-crop-december-corn-falters-on-bearish-wasde-soybeans-maintain-strong-gains.md) | -1.5% | -4.7% |
| WHEAT | 2018-01-12 | [USDA increases U.S. corn, soybean, wheat ending stocks estimates - Brownfield Ag News](https://feedsoft.ai/events/66935-usda-increases-u-s-corn-soybean-wheat-ending-stocks-estimates-brownfield-ag-news.md) | -0.2% | +5.8% |
| WHEAT | 2018-03-29 | [Farmers plan to cut corn, soybean acreage, USDA says \| 2018-03-29 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/66030-farmers-plan-to-cut-corn-soybean-acreage-usda-says-2018-03-29-agri-pulse-agri.md) | +1.5% | +4.9% |
| WHEAT | 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) | +8.1% | +4.6% |
| CORN | 2024-06-12 | [WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/29691-wasde-soybean-ending-stock-expectations-increased-while-wheat-lower-and-corn.md) | -0.1% | -7.3% |
| CORN | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -10.3% | -1.3% |
| CORN | 2018-12-12 | [Few surprises in last WASDE of 2018 \| 2018-12-11 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61508-few-surprises-in-last-wasde-of-2018-2018-12-11-agri-pulse-agri-pulse.md) | +1.1% | +1.4% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/16938-usda-maintains-corn-soybean-stocks-estimates-gives-bearish-wheat-figures-in-december-wasde

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