# WASDE bearish for corn, mildly bullish for wheat - Grain Central

> Grain Central reports that the February WASDE was seen as very bearish for corn and mildly bullish for wheat, with soybeans neutral. USDA cut Chinese wheat ending stocks by 4 million tonnes and Indian stocks by 3.8 million, lowering world wheat stocks to 304.22 million tonnes. World corn ending stocks rose 2.7 million tonnes to 286.53 million.

- Date: 2021-02-10 · published 2021-02-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48592-wasde-bearish-for-corn-mildly-bullish-for-wheat-grain-central
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower wheat stocks in China and India support wheat prices, while the corn stock increase keeps pressure on corn values.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +2.9% | +7.4% |
| CORN | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +1.9% | -1.0% |
| CORN | 2019-04-09 | [WASDE Bearish as Expected on Corn and Wheat, Neutral on Soybeans](https://feedsoft.ai/events/59543-wasde-bearish-as-expected-on-corn-and-wheat-neutral-on-soybeans.md) | +1.8% | -0.5% |
| CORN | 2020-05-13 | [USDA forecasts intense competition on wheat, corn - Grain Central](https://feedsoft.ai/events/53176-usda-forecasts-intense-competition-on-wheat-corn-grain-central.md) | -0.3% | +1.5% |
| CORN | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | -1.6% | -7.1% |
| WHEAT | 2017-02-09 | [WASDE: Soybeans bearish, corn, wheat somewhat bullish - Texas Farm Bureau](https://feedsoft.ai/events/72449-wasde-soybeans-bearish-corn-wheat-somewhat-bullish-texas-farm-bureau.md) | +0.1% | -1.0% |
| WHEAT | 2018-02-27 | [Global grain figures hold bullish tone - Grain Central](https://feedsoft.ai/events/11652-global-grain-figures-hold-bullish-tone-grain-central.md) | +2.4% | +1.3% |
| WHEAT | 2019-12-11 | [Australian wheat export forecast cut, imports tripled: WASDE - Grain Central](https://feedsoft.ai/events/55534-australian-wheat-export-forecast-cut-imports-tripled-wasde-grain-central.md) | +2.6% | +4.1% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wasde-bearish-for-corn-mildly-bullish-for-wheat/

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