# August WASDE report friendly to markets, especially corn - Agweek | #1 source for agriculture news, farming, markets

> The August WASDE, released August 11, 2021, cut the U.S. corn yield nearly 5 bushels per acre to 174.6, reducing production 415 million bushels to 14.75 billion. New-crop corn ending stocks fell 190 million bushels to 1.242 billion. Analysts called the cut a large surprise and noted possible further yield declines.

- Date: 2021-08-11 · published 2021-08-11T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/45500-august-wasde-report-friendly-to-markets-especially-corn-agweek-1-source-for
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The smaller corn crop and lower ending stocks point to higher corn prices as the market prices in reduced supply, with the December contract showing a possible bullish breakout.

## Read by commodity

- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-12 | [July supply, demand report a boost to corn and hit to wheat - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/29203-july-supply-demand-report-a-boost-to-corn-and-hit-to-wheat-agweek-1-source-for.md) | -2.4% | -2.7% |
| CORN | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +0.4% | -6.4% |
| CORN | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -0.4% | +0.5% |
| CORN | 2018-03-11 | [USDA report perplexes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65959-usda-report-perplexes-agweek-1-source-for-agriculture-news-farming-markets.md) | +1.7% | +5.0% |
| CORN | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | +2.2% | +2.2% |

## Sources

- agweek.com: https://www.agweek.com/business/august-wasde-report-friendly-to-markets-especially-corn

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