# WASDE update: Tightening corn balance | articles | ING THINK

> USDA's April WASDE lowered US corn ending stocks to 1,352m bushels, below the 1,370-1,390m expected by the market. Global corn ending stocks fell to 283.9mt on stronger US demand. The report raised Brazil's soybean supply, while China's wheat demand tightened the global wheat balance.

- Date: 2021-04-12 · published 2021-04-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47548-wasde-update-tightening-corn-balance-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

A tighter global corn balance and stronger wheat demand support prices for those grains. A larger Brazilian soybean crop adds bearish pressure on soybeans and soymeal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +0.4% | +0.2% |
| CORN | 2022-08-15 | [WASDE update: Further tightening for corn expected \| articles \| ING THINK](https://feedsoft.ai/events/6533-wasde-update-further-tightening-for-corn-expected-articles-ing-think.md) | -1.1% | -0.5% |
| CORN | 2022-02-10 | [WASDE update: Soybeans rally on tighter balance \| articles \| ING THINK](https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think.md) | -0.0% | +11.8% |
| CORN | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | +1.7% | -4.3% |
| CORN | 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) | -1.7% | -9.0% |
| 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% |
| WHEAT | 2022-02-10 | [WASDE update: Soybeans rally on tighter balance \| articles \| ING THINK](https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think.md) | +0.3% | +16.6% |
| WHEAT | 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) | +0.6% | -1.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-tightening-corn-balance/

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