# Slightly Bullish Soybean and Bearish World Wheat Stocks

> DTN reports that the June WASDE showed record world wheat ending stocks of 316 million metric tons and minimal changes to US corn. Soybean 2020-21 changes were the most substantive, and July corn and soybeans closed slightly higher while Kansas City wheat fell 10.5 cents.

- Date: 2020-06-11 · published 2020-06-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52556-slightly-bullish-soybean-and-bearish-world-wheat-stocks
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record world wheat stocks weigh on wheat prices and make wheat a cheaper feed alternative, while the small soybean changes give soy prices only slight support.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | +3.6% | +4.6% |
| WHEAT | 2018-10-12 | [USDA raises corn, soybean and wheat ending stocks estimates \| 2018-10-12  \| World Grain](https://feedsoft.ai/events/62480-usda-raises-corn-soybean-and-wheat-ending-stocks-estimates-2018-10-12-world.md) | +8.1% | +4.6% |
| WHEAT | 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) | -0.5% | -10.8% |
| WHEAT | 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) | +0.7% | +11.5% |
| WHEAT | 2025-05-12 | [Canada Know-Risk Market Outlook \| WASDE Friendly Corn and Soybeans, Bearish Wheat](https://feedsoft.ai/events/24609-canada-know-risk-market-outlook-wasde-friendly-corn-and-soybeans-bearish-wheat.md) | -0.1% | -2.0% |
| KWHEAT | 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) | -1.0% | -8.5% |
| KWHEAT | 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) | +4.7% | +14.0% |
| KWHEAT | 2018-12-12 | [USDA raises 2019 wheat and corn ending stocks \| 2018-12-12  \| World Grain](https://feedsoft.ai/events/61509-usda-raises-2019-wheat-and-corn-ending-stocks-2018-12-12-world-grain.md) | +8.4% | +4.5% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/06/11/slightly-bullish-soybean-bearish

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