# WASDE update: Global wheat stocks tighten | articles | ING THINK

> USDA's July WASDE raised 2021/22 U.S. corn production by 175 million bushels to 15.2 billion, lifting ending stocks to 1.43 billion bushels. Brazil's 2020/21 corn output was cut to 93 million tonnes on drought and frost, and global wheat ending stocks for 2021/22 came in below expectations.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46007-wasde-update-global-wheat-stocks-tighten-articles-ing-think
- 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 U.S. corn stocks are bearish for corn, while lower global wheat stocks are supportive for wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| CORN | 2023-11-10 | [WASDE update: Bearish release weighs on grains \| articles \| ING THINK](https://feedsoft.ai/events/33114-wasde-update-bearish-release-weighs-on-grains-articles-ing-think.md) | +0.0% | -0.3% |
| 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 | 2023-03-09 | [WASDE update: Argentine crops downgraded \| articles \| ING THINK](https://feedsoft.ai/events/36822-wasde-update-argentine-crops-downgraded-articles-ing-think.md) | -1.0% | -0.0% |
| CORN | 2022-07-13 | [WASDE update: Release provides little support to markets \| articles \| ING THINK](https://feedsoft.ai/events/40430-wasde-update-release-provides-little-support-to-markets-articles-ing-think.md) | -11.6% | -12.4% |
| WHEAT | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | +1.6% | +3.2% |
| WHEAT | 2021-04-12 | [WASDE update: Tightening corn balance \| articles \| ING THINK](https://feedsoft.ai/events/47548-wasde-update-tightening-corn-balance-articles-ing-think.md) | -3.9% | -1.5% |
| WHEAT | 2023-01-13 | [WASDE update: Tighter US grain balances \| articles \| ING THINK](https://feedsoft.ai/events/37729-wasde-update-tighter-us-grain-balances-articles-ing-think.md) | -0.9% | +1.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-global-wheat-stocks-tighten/

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