# USDA Reports Review - ProAg

> ProAg's review of the June USDA reports says the WASDE caused minimal market reaction, with July corn up 3.5 cents and July soybeans up 0.5 cent. Kansas City July wheat closed down 10.5 cents after a record world wheat ending stocks figure of 316 million tonnes.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/52558-usda-reports-review-proag
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record world wheat stocks keep HRW and feed wheat prices under pressure, while corn and soybeans show only small moves on a balanced report.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2018-05-09 | [Wheat drops 1% ahead of USDA report](https://feedsoft.ai/events/7886-wheat-drops-1-ahead-of-usda-report.md) | -1.7% | +4.1% |
| KWHEAT | 2024-06-12 | [USDA June WASDE Report Provides Little Market-Moving News](https://feedsoft.ai/events/29696-usda-june-wasde-report-provides-little-market-moving-news.md) | -8.3% | -9.7% |
| KWHEAT | 2024-06-18 | [USDA reports provide mixed signals for wheat market \| The Western Producer](https://feedsoft.ai/events/29802-usda-reports-provide-mixed-signals-for-wheat-market-the-western-producer.md) | -4.9% | -7.3% |
| KWHEAT | 2024-09-30 | [USDA Releases Sept. 1 Grain Stocks, Small Grains Summary Reports](https://feedsoft.ai/events/28259-usda-releases-sept-1-grain-stocks-small-grains-summary-reports.md) | +3.7% | -0.8% |
| KWHEAT | 2022-01-20 | [USDA Reports Reflect Why U.S. Farmers Seeded More Winter Wheat](https://feedsoft.ai/events/43176-usda-reports-reflect-why-u-s-farmers-seeded-more-winter-wheat.md) | +2.0% | +1.0% |
| WHEAT | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | +3.6% | +4.6% |
| WHEAT | 2019-03-08 | [USDA Reports Summary - ProAg](https://feedsoft.ai/events/60034-usda-reports-summary-proag.md) | +0.7% | -1.0% |
| WHEAT | 2017-03-09 | [USDA Reports Flash](https://feedsoft.ai/events/71937-usda-reports-flash.md) | +0.7% | +0.6% |

## Sources

- proag.com: https://www.proag.com/news/usda-reports-review-3/

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