# The Commodities Feed: Bearish WASDE surprises grain market | snaps | ING THINK

> ING's Commodities Feed says the August WASDE surprised grain markets with bearish figures. The same note covers US shale output and drilling estimates, weekly crude inventory expectations, and flood-related aluminium supply issues at Chinese smelters.

- Date: 2019-08-13 · published 2019-08-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/57541-the-commodities-feed-bearish-wasde-surprises-grain-market-snaps-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger-than-expected US corn supply outlook weighs on corn and feed grain prices, while the energy and metals items are background for broader commodity sentiment.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-08-14 | 5 | -7.6% | -3.3 | ING notes the bearish WASDE surprise hit grain markets, confirming the sentiment and supply shock though the note is broad. |
| CORN | 2019-08-11 | 1 | -3.7% | -3.3 | ING's note describes the bearish WASDE surprise to grain markets. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-10 | [WASDE update: Bearish release weighs on grains \| articles \| ING THINK](https://feedsoft.ai/events/33114-wasde-update-bearish-release-weighs-on-grains-articles-ing-think.md) | +0.0% | -0.3% |
| CORN | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +0.8% | -4.7% |
| CORN | 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) | -2.8% | -1.7% |
| CORN | 2024-04-12 | [WASDE update: A largely bearish affair \| ING THINK](https://feedsoft.ai/events/30671-wasde-update-a-largely-bearish-affair-ing-think.md) | -0.2% | +1.2% |
| CORN | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | -13.6% | -16.3% |

## Sources

- think.ing.com: https://think.ing.com/snaps/the-commodities-feed-bearish-wasde/

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