# April WASDE contained ?friendly? and ?negative? components | Iowa Agribusiness Radio Network

> Analysts reviewing the April WASDE said US corn stocks were slightly above trade expectations while the soybean carryout came in well above the 430 million bushel trade guess. USDA cut Argentine and Brazilian soybean crops, supporting beans after the report. Analysts expect lost DDGS supply to push feed users toward soybean meal and boost crush.

- Date: 2020-04-09 · published 2020-04-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53603-april-wasde-contained-friendly-and-negative-components-iowa-agribusiness-radio
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Soybean meal demand may rise as ethanol byproducts disappear from the feed market, supporting meal prices. Large US soybean stocks offset the South American cuts, so the net effect on soybean prices is limited.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-04-16 | [Demand for U.S. soy remains strong \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/65599-demand-for-u-s-soy-remains-strong-iowa-agribusiness-radio-network.md) | -2.3% | -0.0% |
| SBM | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.1% | +4.6% |
| SBM | 2021-01-12 | [Grain markets respond quickly on friendly WASDE report \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/49091-grain-markets-respond-quickly-on-friendly-wasde-report-an-official-publication.md) | +2.5% | -1.5% |
| SBM | 2023-02-08 | [Neutral WASDE report maintains expectations – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/37265-neutral-wasde-report-maintains-expectations-ohio-ag-net-ohio-s-country-journal.md) | +3.5% | +3.1% |
| SBM | 2021-07-20 | [Global poultry sector set to improve post-Covid - Food & Agribusiness](https://feedsoft.ai/events/46222-global-poultry-sector-set-to-improve-post-covid-food-and-agribusiness.md) | -1.4% | -0.1% |
| SOY | 2020-05-12 | [May WASDE: ?Relatively in line with expectations? \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/53060-may-wasde-relatively-in-line-with-expectations-iowa-agribusiness-radio-network.md) | -0.9% | +1.3% |
| SOY | 2021-03-09 | [USDA releases ?neutral? WASDE Report \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/48072-usda-releases-neutral-wasde-report-iowa-agribusiness-radio-network.md) | -1.3% | -1.3% |
| SOY | 2021-08-12 | [Markets higher after ?exciting? WASDE Report \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/45503-markets-higher-after-exciting-wasde-report-iowa-agribusiness-radio-network.md) | -3.4% | -10.4% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/april-wasde-contained-friendly-and-negative-components/

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