# WASDE report gives bullish numbers to corn | Iowa Agribusiness Radio Network

> The June 11 WASDE report lifted corn prices, with the market reversing from down 6 cents to up 10.5 cents shortly after release. USDA decreased soybean demand estimates while leaving soybean production unchanged.

- Date: 2019-06-11 · published 2019-06-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58540-wasde-report-gives-bullish-numbers-to-corn-iowa-agribusiness-radio-network
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A reduced corn outlook supports feed grain prices, while lower soybean demand estimates add pressure on soy and soymeal values.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-12 | [Markets higher after ?exciting? WASDE Report \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/45503-markets-higher-after-exciting-wasde-report-iowa-agribusiness-radio-network.md) | +0.7% | -7.7% |
| CORN | 2021-04-09 | [April WASDE Report ?kind of a dud,? analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/47549-april-wasde-report-kind-of-a-dud-analyst-says-iowa-agribusiness-radio-network.md) | +1.1% | +23.4% |
| CORN | 2018-02-08 | [USDA lowers soy exports, market reacts bullishly \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/66448-usda-lowers-soy-exports-market-reacts-bullishly-iowa-agribusiness-radio-network.md) | +0.2% | +2.3% |
| CORN | 2017-12-12 | [USDA lowers corn ending stocks, raises soybean \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/67416-usda-lowers-corn-ending-stocks-raises-soybean-iowa-agribusiness-radio-network.md) | +1.9% | +2.2% |
| CORN | 2019-06-28 | [Higher priced corn challenging cattle prices \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/9501-higher-priced-corn-challenging-cattle-prices-iowa-agribusiness-radio-network.md) | -2.0% | -4.5% |
| SOY | 2019-05-10 | [USDA releases ?big, bearish numbers? in WASDE \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/59046-usda-releases-big-bearish-numbers-in-wasde-iowa-agribusiness-radio-network.md) | +4.9% | +7.0% |
| SOY | 2019-07-15 | [NOPA crush numbers don?t give any help to the markets \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/58162-nopa-crush-numbers-don-t-give-any-help-to-the-markets-iowa-agribusiness-radio.md) | -0.6% | -3.6% |
| SOY | 2021-04-09 | [April WASDE Report ?kind of a dud,? analyst says \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/47549-april-wasde-report-kind-of-a-dud-analyst-says-iowa-agribusiness-radio-network.md) | +0.2% | +13.4% |

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/wasde-report-gives-bullish-numbers-to-corn/

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