# Markets higher after ?exciting? WASDE Report | Iowa Agribusiness Radio Network

> Grain markets rose after USDA's August WASDE cut corn yield 4.9 bushels per acre to 174.6, with production at 14.75 billion bushels and new-crop ending stocks at 1.242 billion. USDA set soybean yield at 50 bushels per acre with unchanged ending stocks of 155 million bushels. Wheat ending stocks fell to 627 million bushels.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/45503-markets-higher-after-exciting-wasde-report-iowa-agribusiness-radio-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The corn cut and lower stocks support nearby corn prices toward the $5.90-5.95 area, while steady soybean stocks limit gains in beans.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-11 | [WASDE report gives bullish numbers to corn \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58540-wasde-report-gives-bullish-numbers-to-corn-iowa-agribusiness-radio-network.md) | +6.2% | +3.2% |
| CORN | 2021-04-09 | [April WASDE Report ?kind of a dud,? analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/47549-april-wasde-report-kind-of-a-dud-analyst-says-iowa-agribusiness-radio-network.md) | +1.1% | +23.4% |
| CORN | 2018-02-08 | [USDA lowers soy exports, market reacts bullishly \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66448-usda-lowers-soy-exports-market-reacts-bullishly-iowa-agribusiness-radio-network.md) | +0.2% | +2.3% |
| CORN | 2021-02-12 | [Rising feed costs may change feeder cattle market \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/48785-rising-feed-costs-may-change-feeder-cattle-market-iowa-agribusiness-radio.md) | -1.6% | +3.1% |
| CORN | 2019-06-28 | [Higher priced corn challenging cattle prices \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/9501-higher-priced-corn-challenging-cattle-prices-iowa-agribusiness-radio-network.md) | -2.0% | -4.5% |
| SOY | 2021-03-09 | [USDA releases ?neutral? WASDE Report \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/48072-usda-releases-neutral-wasde-report-iowa-agribusiness-radio-network.md) | -1.3% | -1.3% |
| SOY | 2020-05-12 | [May WASDE: ?Relatively in line with expectations? \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/53060-may-wasde-relatively-in-line-with-expectations-iowa-agribusiness-radio-network.md) | -0.9% | +1.3% |
| SOY | 2018-12-11 | [WASDE Report uneventful. Watch your soybean futures closely \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/61512-wasde-report-uneventful-watch-your-soybean-futures-closely-iowa-agribusiness.md) | -0.5% | +0.2% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/markets-higher-after-exciting-wasde-report/

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