# WASDE Report Reflects Tightening Corn Supplies, but Falling Demand - ProAg

> The November WASDE showed a tighter U.S. and world corn balance sheet, with corn production at 13.661 billion bushels and U.S. corn exports cut by 50 million bushels. Soybeans were little changed, and wheat supplies were described as record with strong export competition. The analyst expects 4.5 to 5 million more corn acres to return to production next year.

- Date: 2019-11-08 · published 2019-11-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/56019-wasde-report-reflects-tightening-corn-supplies-but-falling-demand-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak export demand and a possible large increase in acreage next year outweigh the tighter balance sheet, which limits corn price gains. Record wheat supplies keep wheat prices under pressure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-09 | [WASDE Sees Corn Stocks Decline; Beans Rally on Tightening Supplies](https://feedsoft.ai/events/48586-wasde-sees-corn-stocks-decline-beans-rally-on-tightening-supplies.md) | -5.2% | +1.6% |
| CORN | 2016-07-18 | [Grain Supply and Demand report sends grain prices falling](https://feedsoft.ai/events/7417-grain-supply-and-demand-report-sends-grain-prices-falling.md) | +5.9% | +1.7% |
| CORN | 2024-06-13 | [The Latest WASDE Report Defies Expectations - ProAg](https://feedsoft.ai/events/29692-the-latest-wasde-report-defies-expectations-proag.md) | -2.1% | -8.8% |
| CORN | 2021-06-15 | [Exports, demand eyed in WASDE report](https://feedsoft.ai/events/46511-exports-demand-eyed-in-wasde-report.md) | -1.6% | +2.5% |
| CORN | 2019-03-08 | [Soybeans, corn down after supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60038-soybeans-corn-down-after-supply-and-demand-report-brownfield-ag-news.md) | +0.8% | +0.8% |
| WHEAT | 2025-04-11 | [WASDE Report Cuts Corn Ending Stocks More Than Expected - ProAg](https://feedsoft.ai/events/25066-wasde-report-cuts-corn-ending-stocks-more-than-expected-proag.md) | +1.7% | +4.7% |
| WHEAT | 2024-07-15 | [WASDE update: Better supply prospects for wheat and corn \| articles \| ING THINK](https://feedsoft.ai/events/29205-wasde-update-better-supply-prospects-for-wheat-and-corn-articles-ing-think.md) | -3.2% | -2.3% |
| WHEAT | 2026-01-12 | [US corn and wheat supplies rise in latest WASDE \| Feed & Grain](https://feedsoft.ai/events/12589-us-corn-and-wheat-supplies-rise-in-latest-wasde-feed-and-grain.md) | +0.2% | +2.0% |

## Sources

- proag.com: https://www.proag.com/news/wasde-report-reflects-tightening-corn-supplies-but-falling-demand/

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