# Markets take USDA WASDE report in stride | An official publication of Michigan Farm Bureau

> USDA's February WASDE raised world corn ending stocks by 2.7 million tonnes to 286.5 million, against pre-report expectations of a decline. U.S. corn exports were raised 50 million bushels on historically large Chinese purchases, and U.S. corn ending stocks fell 50 million bushels. USDA projected the season-average corn price up 10 cents to $4.30 per bushel.

- Date: 2021-02-09 · published 2021-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher Chinese purchases tighten U.S. supplies and lift the projected season-average price, which supports feed costs. The larger world stock figure partly offsets that effect.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-12 | [Grain markets respond quickly on friendly WASDE report \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/49091-grain-markets-respond-quickly-on-friendly-wasde-report-an-official-publication.md) | +5.8% | +11.6% |
| CORN | 2025-04-10 | [WASDE ending stocks estimates positive for corn and soybeans \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25068-wasde-ending-stocks-estimates-positive-for-corn-and-soybeans-an-official.md) | +3.1% | -3.3% |
| CORN | 2020-10-09 | [USDA Grain Stocks and WASDE Shock Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/50594-usda-grain-stocks-and-wasde-shock-markets-farm-bureau-intel-markets-american.md) | +3.7% | +7.4% |
| CORN | 2021-08-13 | [August WASDE Report Indicates Bullish Corn Markets - ProAg](https://feedsoft.ai/events/45501-august-wasde-report-indicates-bullish-corn-markets-proag.md) | -1.7% | -9.0% |
| CORN | 2017-03-31 | [Soybeans Trumping Corn in 18 States \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/72026-soybeans-trumping-corn-in-18-states-farm-bureau-intel-markets-american-farm.md) | +0.4% | +0.3% |
| SOY | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | +1.1% | +15.8% |
| SOY | 2021-01-12 | [Grain markets respond quickly on friendly WASDE report \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/49091-grain-markets-respond-quickly-on-friendly-wasde-report-an-official-publication.md) | +0.8% | +2.0% |
| SOY | 2025-04-10 | [WASDE ending stocks estimates positive for corn and soybeans \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25068-wasde-ending-stocks-estimates-positive-for-corn-and-soybeans-an-official.md) | +2.6% | +2.4% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/markets-take-usda-wasde-report-in-stride

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