# More Details Expected in January WASDE Report | Red River Farm Network

> USDA's December WASDE made no changes to US corn and soybean ending stocks, while US wheat ending stocks dropped below pre-report estimates. USDA also reduced its average farmgate price, and analysts said January's report will bring more clarity on production.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55515-more-details-expected-in-january-wasde-report-red-river-farm-network
- Commodities: [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

Tighter US wheat supplies are supportive for wheat prices, while the lower farmgate price tempers the outlook for grain values. Corn and soybean balance sheets are unchanged pending January data.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | -0.8% | +0.2% |
| WHEAT | 2023-05-15 | [Ending Stocks Were Primary Consideration in USDA Report \| Red River Farm Network](https://feedsoft.ai/events/35888-ending-stocks-were-primary-consideration-in-usda-report-red-river-farm-network.md) | -1.6% | -7.1% |
| WHEAT | 2018-06-12 | [June Supply and Demand Report Delivers Positive News \| Red River Farm Network](https://feedsoft.ai/events/64481-june-supply-and-demand-report-delivers-positive-news-red-river-farm-network.md) | -0.9% | -6.9% |
| WHEAT | 2024-08-13 | [S/D Estimates Released \| Red River Farm Network](https://feedsoft.ai/events/28714-s-d-estimates-released-red-river-farm-network.md) | -6.7% | -2.9% |
| WHEAT | 2026-10-01 | [A Bearish Surprise \| Red River Farm Network](https://feedsoft.ai/events/17069-a-bearish-surprise-red-river-farm-network.md) | -2.9% | +0.5% |
| CORN | 2022-04-08 | [Few Surprises in April WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/41796-few-surprises-in-april-wasde-report-red-river-farm-network.md) | -0.7% | -6.4% |
| CORN | 2021-07-12 | [Grain Stocks Surprise Traders in the July WASDE Report \| Red River Farm Network](https://feedsoft.ai/events/46000-grain-stocks-surprise-traders-in-the-july-wasde-report-red-river-farm-network.md) | -6.7% | -7.2% |
| CORN | 2023-12-08 | [No Surprises in Stocks Report \| Red River Farm Network](https://feedsoft.ai/events/32637-no-surprises-in-stocks-report-red-river-farm-network.md) | -2.7% | -0.3% |

## Sources

- rrfn.com: https://www.rrfn.com/2019/12/11/more-details-expected-in-january-wasde-report/

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