# ‘Benign’ WASDE makes minimal changes in numbers | 2020-03-10  | Agri-Pulse Communications, Inc.

> The March WASDE was described as benign, with wheat and corn supply figures unchanged and USDA trimming its expected season-average prices. The agency cut the corn price by 5 cents to $3.80 per bushel and the soybean price to $8.70. Corn, soybean and wheat contracts closed higher as markets recovered from Monday's losses.

- Date: 2020-03-11 · published 2020-03-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/54093-benign-wasde-makes-minimal-changes-in-numbers-2020-03-10-agri-pulse
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The lower season-average price forecasts reflect weaker expected values, but the day's rebound shows the report did not change the near-term outlook for feed grains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +5.8% | +12.3% |
| CORN | 2022-12-09 | [USDA’s WASDE leaves most grain and oilseed estimates unchanged \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38185-usda-s-wasde-leaves-most-grain-and-oilseed-estimates-unchanged-agri-pulse.md) | +1.9% | +2.9% |
| CORN | 2019-03-08 | [Trade turns to weather as potential market mover \| 2019-03-08 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/60044-trade-turns-to-weather-as-potential-market-mover-2019-03-08-agri-pulse-agri.md) | +0.8% | +0.8% |
| CORN | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -1.8% | +0.1% |
| CORN | 2017-08-10 | [Bearish USDA crop report shakes corn and soybean sectors \| 2017-08-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/69393-bearish-usda-crop-report-shakes-corn-and-soybean-sectors-2017-08-10-agri-pulse.md) | -4.5% | -6.5% |
| SOY | 2021-06-10 | [Minor changes in June WASDE, traders turn attention to dry weather  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/46507-minor-changes-in-june-wasde-traders-turn-attention-to-dry-weather-agri-pulse.md) | -7.3% | -11.0% |
| SOY | 2017-08-10 | [Bearish USDA crop report shakes corn and soybean sectors \| 2017-08-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/69393-bearish-usda-crop-report-shakes-corn-and-soybean-sectors-2017-08-10-agri-pulse.md) | -4.3% | +0.0% |
| SOY | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | -2.7% | -3.8% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/13286-benign-wasde-makes-minimal-changes-in-numbers

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