# Grains End the Day Mixed | Friday, July 12, 2024

> The July WASDE report showed much lower than expected corn ending stocks for old and new crop, lifting December corn 4 cents after an early decline. Soybeans closed lower on slight ending-stock revisions and weak export demand, while wheat fell sharply after a surprise increase in US wheat production and ending stocks.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/5654-grains-end-the-day-mixed-friday-july-12-2024
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The USDA report's tighter corn stocks support feed grain prices, while bigger wheat supplies weigh on wheat values that compete with corn in rations.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2024-07-14 | 1 | -8.0% | -4.0 | Reports that wheat fell sharply after the surprise increase in US wheat production and ending stocks in the July WASDE tie the selloff directly to the report release. |
| SOY | 2024-07-14 | 5 | -7.2% | -3.3 | Soybeans closed lower after the WASDE on slight stock revisions and weak export demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-14 | [Daily Market Wire 15 July 2024 - Grain Central](https://feedsoft.ai/events/29204-daily-market-wire-15-july-2024-grain-central.md) | -1.5% | -2.1% |
| CORN | 2024-06-07 | [Grains rallying this morning. Thursday, June 6, 2024](https://feedsoft.ai/events/6153-grains-rallying-this-morning-thursday-june-6-2024.md) | +5.6% | -4.9% |
| CORN | 2020-06-12 | [Daily Market Wire 12 June 2020 - Grain Central](https://feedsoft.ai/events/4927-daily-market-wire-12-june-2020-grain-central.md) | +0.2% | +1.6% |
| CORN | 2021-07-12 | [Ahead of the Open \| July 12, 2021 - Pro Farmer](https://feedsoft.ai/events/7781-ahead-of-the-open-july-12-2021-pro-farmer.md) | -6.7% | -7.2% |
| CORN | 2024-12-27 | [Grains Report 12/27/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/10455-grains-report-12-27-2024-market-insightsmarket-insights.md) | -0.5% | +5.6% |
| SOY | 2024-06-07 | [Grains rallying this morning. Thursday, June 6, 2024](https://feedsoft.ai/events/6153-grains-rallying-this-morning-thursday-june-6-2024.md) | -0.9% | -2.1% |
| SOY | 2018-09-20 | [Sunflower markets end the week mixed - High Plains Journal](https://feedsoft.ai/events/63145-sunflower-markets-end-the-week-mixed-high-plains-journal.md) | +2.4% | +6.7% |
| SOY | 2025-06-30 | [U.S. grains: Soy futures end mixed; corn and wheat sag after USDA reports \| The Western Producer](https://feedsoft.ai/events/24225-u-s-grains-soy-futures-end-mixed-corn-and-wheat-sag-after-usda-reports-the.md) | +0.4% | -3.8% |

## Sources

- agriculture.com: https://www.agriculture.com/corn-soy-and-wheat-red-ahead-of-wasde-or-friday-july-12-2024-8677122

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