# January WASDE Holds Bullish Surprises | Radio 570 WNAX

> The January WASDE cut the national corn yield by 3.8 bushels to 172 bushels per acre, lowering production to 14.182 billion bushels. Corn ending stocks fell 150 million bushels to 1.552 billion, and soybean yield was cut 0.5 bushels to 50.2 with ending stocks down 35 million bushels to 140 million.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/49093-january-wasde-holds-bullish-surprises-radio-570-wnax
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A 10.6 percent corn stocks-to-use ratio and a roughly 3 percent soybean ratio point to tight supplies that support feed grain and meal prices. Analysts see corn above 5 dollars and soybeans at 14 to 15 dollars.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +0.5% | +15.2% |
| CORN | 2023-01-12 | [Turner's Take Ag Markets \| Jan WASDE Bullish](https://feedsoft.ai/events/37733-turner-s-take-ag-markets-jan-wasde-bullish.md) | +2.2% | +2.2% |
| CORN | 2025-01-10 | [JANUARY 2025 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/26456-january-2025-wasde-report-summary-and-notes-cih.md) | +3.2% | +5.6% |
| CORN | 2023-10-12 | [Soybeans jump higher on bullish WASDE data](https://feedsoft.ai/events/33589-soybeans-jump-higher-on-bullish-wasde-data.md) | -0.4% | -1.5% |
| CORN | 2024-07-12 | [July WASDE Surprises Trade With Old Crop Ending Stocks Reductions](https://feedsoft.ai/events/7099-july-wasde-surprises-trade-with-old-crop-ending-stocks-reductions.md) | -2.4% | -2.7% |
| 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% |
| SOY | 2023-01-12 | [Turner's Take Ag Markets \| Jan WASDE Bullish](https://feedsoft.ai/events/37733-turner-s-take-ag-markets-jan-wasde-bullish.md) | -0.0% | +0.3% |
| SOY | 2019-08-13 | [Surprise WASDE Sends Corn to Limit Losses](https://feedsoft.ai/events/57547-surprise-wasde-sends-corn-to-limit-losses.md) | -0.9% | -0.3% |

## Sources

- wnax.com: https://wnax.com/news/180081-january-wasde-holds-bullish-surprises/

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