# Grain markets respond quickly on friendly WASDE report | An official publication of Michigan Farm Bureau

> Chicago Board of Trade prices jumped after the January WASDE, with March soybeans up 51 cents within an hour and wheat and corn up 30 and 25 cents. USDA estimated soybean production at 4.135 billion bushels and cut ending stocks to 140 million bushels, while raising record exports to 2.23 billion.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/49091-grain-markets-respond-quickly-on-friendly-wasde-report-an-official-publication
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soybean ending stocks and higher exports tighten supplies, which supports soybean meal and feed costs. The fast price response shows the market reacted strongly to the lower supply figures.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-09 | [Markets take USDA WASDE report in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan.md) | -0.2% | +3.9% |
| 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 | 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% |
| SOY | 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) | +1.2% | +4.9% |
| SOY | 2022-02-09 | [February 2022 WASDE Report Holds Few Surprises, but Grain Markets Surge](https://feedsoft.ai/events/14057-february-2022-wasde-report-holds-few-surprises-but-grain-markets-surge.md) | -1.1% | +7.5% |
| CORN | 2021-02-09 | [Markets take USDA WASDE report in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan.md) | -5.2% | +1.6% |
| 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% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/grain-markets-respond-quickly-on-friendly-wasde-report

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