# July WASDE Report Gets Bearish Reaction | Radio 570 WNAX

> The July WASDE drew a bearish trade reaction even though 2020-21 corn ending stocks fell 675 million bushels to 2.648 billion. Old-crop stocks rose to 2.248 billion bushels, and world corn stocks fell about 23 million metric tons. Soybean production was 4.135 billion bushels, slightly below trade guesses.

- Date: 2020-07-10 · published 2020-07-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/52079-july-wasde-report-gets-bearish-reaction-radio-570-wnax
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Traders still see corn stocks as a large burden, which caps rallies despite the cut in production. Lower world stocks provide some support for export-focused prices.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -4.9% | -7.5% |
| CORN | 2024-04-11 | [April WASDE Report Brings Bearish Surprise](https://feedsoft.ai/events/30674-april-wasde-report-brings-bearish-surprise.md) | -0.4% | +0.8% |
| 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% |
| CORN | 2020-08-12 | [CBOT weekly outlook: Bearish USDA report generates bullish reaction - Grainews](https://feedsoft.ai/events/51551-cbot-weekly-outlook-bearish-usda-report-generates-bullish-reaction-grainews.md) | +3.8% | +8.3% |
| CORN | 2016-09-12 | [USDA Report: Larger soybean crop sparks bearish reaction](https://feedsoft.ai/events/10184-usda-report-larger-soybean-crop-sparks-bearish-reaction.md) | +1.6% | +4.4% |
| SOY | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -0.5% | -1.9% |
| SOY | 2025-09-16 | [Corn futures rally despite bearish WASDE report](https://feedsoft.ai/events/6852-corn-futures-rally-despite-bearish-wasde-report.md) | -3.0% | -3.4% |
| SOY | 2023-06-20 | [Not much action in USDA's June WASDE report](https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report.md) | +3.7% | +1.7% |

## Sources

- wnax.com: https://wnax.com/news/180081-july-wasde-report-gets-bearish-reaction/

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