# Grain markets yawn at latest WASDE data

> USDA's December WASDE kept corn and soybean production unchanged from November, with corn at 13.661 billion bushels and average yield at 167 bpa. Corn carryout stayed at 1.910 billion bushels, and the season-average farm price held at $3.85 per bushel, while wheat moved modestly higher after the release.

- Date: 2019-12-10 · published 2019-12-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55513-grain-markets-yawn-at-latest-wasde-data
- 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

With the report largely as expected, grain prices traded sideways, and the market is now focused on January revisions once harvest figures are finalized. Higher world stocks are mildly bearish for prices.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-11-12 | [Global markets seek direction after benign WASDE - Grain Central](https://feedsoft.ai/events/56020-global-markets-seek-direction-after-benign-wasde-grain-central.md) | -0.5% | -2.9% |
| CORN | 2021-07-14 | [Grain and Oilseed Markets and Weather Outlook](https://feedsoft.ai/events/45980-grain-and-oilseed-markets-and-weather-outlook.md) | -9.8% | -13.0% |
| CORN | 2022-01-12 | [Markets mixed on USDA data](https://feedsoft.ai/events/43102-markets-mixed-on-usda-data.md) | -2.6% | +3.6% |
| CORN | 2020-03-10 | [Markets unfazed by March WASDE report](https://feedsoft.ai/events/54089-markets-unfazed-by-march-wasde-report.md) | -3.4% | -3.3% |
| CORN | 2023-08-14 | [Key data in USDA's August 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34511-key-data-in-usda-s-august-11-wasde-report-and-difference-from-market.md) | +0.3% | -1.6% |
| SOY | 2020-01-10 | [Grain markets fall on WASDE, Crop Production Reports](https://feedsoft.ai/events/55018-grain-markets-fall-on-wasde-crop-production-reports.md) | -1.0% | -5.5% |
| SOY | 2021-07-14 | [Grain and Oilseed Markets and Weather Outlook](https://feedsoft.ai/events/45980-grain-and-oilseed-markets-and-weather-outlook.md) | +0.4% | +0.7% |
| SOY | 2022-01-12 | [Markets mixed on USDA data](https://feedsoft.ai/events/43102-markets-mixed-on-usda-data.md) | +1.1% | +15.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-business/grain-markets-yawn-at-latest-wasde-data

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