# WASDE report: “Not as friendly? as expected | Iowa Agribusiness Radio Network

> The January WASDE triggered a knee-jerk drop in grain markets because the numbers were less friendly than expected. USDA cut corn export demand by 75 million bushels and left soybean export demand unchanged. Analysts said China's purchase commitments could tighten bean carryouts.

- Date: 2020-01-10 · published 2020-01-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55024-wasde-report-not-as-friendly-as-expected-iowa-agribusiness-radio-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A 75 million bushel cut to corn export demand adds bearish pressure to corn, while potential Chinese soybean buying is a bullish factor for beans.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-08 | [April WASDE report a bit disappointing \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/41802-april-wasde-report-a-bit-disappointing-iowa-agribusiness-radio-network.md) | -0.7% | -6.4% |
| CORN | 2019-05-10 | [USDA releases ?big, bearish numbers? in WASDE \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/59046-usda-releases-big-bearish-numbers-in-wasde-iowa-agribusiness-radio-network.md) | +5.8% | +12.3% |
| CORN | 2017-07-12 | [Grain market tumbles following USDA report - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/6473-grain-market-tumbles-following-usda-report-iowa-agribusiness-radio-network.md) | -4.1% | -5.2% |
| CORN | 2018-02-22 | [Traders look for increased trend line yield estimates \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66352-traders-look-for-increased-trend-line-yield-estimates-iowa-agribusiness-radio.md) | +1.4% | +3.0% |
| CORN | 2019-08-12 | [Corn ending stocks takes analysts by surprise \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/57552-corn-ending-stocks-takes-analysts-by-surprise-iowa-agribusiness-radio-network.md) | -6.0% | -8.6% |
| SOY | 2022-04-08 | [April WASDE report a bit disappointing \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/41802-april-wasde-report-a-bit-disappointing-iowa-agribusiness-radio-network.md) | +2.2% | +0.6% |
| SOY | 2018-02-08 | [USDA lowers soy exports, market reacts bullishly \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66448-usda-lowers-soy-exports-market-reacts-bullishly-iowa-agribusiness-radio-network.md) | +3.5% | +7.2% |
| SOY | 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) | -2.4% | -5.6% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/wasde-report-not-as-friendly-as-expected/

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