# WASDE update: Unfavourable weather impacts US crop | articles | ING THINK

> USDA's August WASDE lowered the 2023/24 US corn production estimate by 209 million bushels to 15.11 billion bushels, slightly below market expectations. US corn ending stocks were cut by 60 million bushels to 2.2 billion bushels. Global corn ending stocks were revised down to 311.1 million tonnes, below expectations.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/5619-wasde-update-unfavourable-weather-impacts-us-crop-articles-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower US and global corn stocks tighten the balance sheet, but the cuts were largely expected and gave the market little lift. Soybean ending stocks came in below expectations, a modestly supportive surprise.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-04-13 | [April 2026 WASDE Update](https://feedsoft.ai/events/19663-april-2026-wasde-update.md) | +1.7% | +3.2% |
| CORN | 2024-10-16 | [October 2024 WASDE Update](https://feedsoft.ai/events/27805-october-2024-wasde-update.md) | +2.5% | +3.9% |
| CORN | 2026-06-01 | [USDA Releases First New-Crop Estimates in Today's WASDE](https://feedsoft.ai/events/19197-usda-releases-first-new-crop-estimates-in-today-s-wasde.md) | -5.5% | -10.2% |
| CORN | 2020-01-15 | [USDA Reports Increase in Corn and Soybean Yields Amidst Challenging Weather- Crop Biotech Update (January 15, 2020) \| Crop Biotech Update - ISAAA.org](https://feedsoft.ai/events/54936-usda-reports-increase-in-corn-and-soybean-yields-amidst-challenging-weather.md) | +0.3% | -2.4% |
| CORN | 2026-06-11 | [USDA makes limited changes in June WASDE update - Brownfield Ag News](https://feedsoft.ai/events/18732-usda-makes-limited-changes-in-june-wasde-update-brownfield-ag-news.md) | +0.4% | -0.5% |
| SOY | 2021-07-13 | [WASDE update: Global wheat stocks tighten \| articles \| ING THINK](https://feedsoft.ai/events/46007-wasde-update-global-wheat-stocks-tighten-articles-ing-think.md) | -0.3% | +0.1% |
| SOY | 2026-04-13 | [April 2026 WASDE Update](https://feedsoft.ai/events/19663-april-2026-wasde-update.md) | -0.7% | +1.6% |
| SOY | 2024-10-16 | [October 2024 WASDE Update](https://feedsoft.ai/events/27805-october-2024-wasde-update.md) | +0.1% | +1.3% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-unfavourable-weather-impacts-us-crop140823/

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