# WASDE Bearish as Expected on Corn and Wheat, Neutral on Soybeans

> USDA's April 9 WASDE report left U.S. corn and wheat ending stocks roughly 11 million and 22 million bushels above pre-report estimates, and world corn and wheat stocks 1.5 and 4.5 million tonnes above trade estimates. U.S. soybean ending stocks came in at 895 million bushels, slightly below the 913 million average estimate. Prices were muted, with corn unchanged, soybeans unchanged and wheat down 5 to 6 cents.

- Date: 2019-04-09 · published 2019-04-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/59543-wasde-bearish-as-expected-on-corn-and-wheat-neutral-on-soybeans
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Larger-than-expected U.S. and world corn and wheat supplies point to continued pressure on feed grain prices. Soybeans were little changed because the stocks miss was small.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-08-13 | [WASDE steady on wheat, bearish on corn, soybeans - Grain Central](https://feedsoft.ai/events/51547-wasde-steady-on-wheat-bearish-on-corn-soybeans-grain-central.md) | +0.7% | +11.5% |
| WHEAT | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | +3.6% | +4.6% |
| WHEAT | 2025-05-12 | [Canada Know-Risk Market Outlook \| WASDE Friendly Corn and Soybeans, Bearish Wheat](https://feedsoft.ai/events/24609-canada-know-risk-market-outlook-wasde-friendly-corn-and-soybeans-bearish-wheat.md) | -0.1% | -2.0% |
| WHEAT | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | +1.5% | +3.4% |
| WHEAT | 2023-10-12 | [WASDE Reduces Corn and Soy Production More Than Expected](https://feedsoft.ai/events/33584-wasde-reduces-corn-and-soy-production-more-than-expected.md) | +0.8% | -0.8% |
| SOY | 2019-11-17 | [November WASDE report shows bearish for corn; neutral for soybeans - Messenger News](https://feedsoft.ai/events/56022-november-wasde-report-shows-bearish-for-corn-neutral-for-soybeans-messenger-news.md) | -2.3% | +0.4% |
| SOY | 2024-05-10 | [Corn Surges on Lower-Than-Expected Stocks; Wheat, Soy Finish With Solid Gains After Mostly Neutral Report](https://feedsoft.ai/events/30213-corn-surges-on-lower-than-expected-stocks-wheat-soy-finish-with-solid-gains.md) | +2.0% | -1.1% |
| SOY | 2023-08-11 | [August WASDE cuts export expectations for corn, soybeans and wheat - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12249-august-wasde-cuts-export-expectations-for-corn-soybeans-and-wheat-agweek-1.md) | -5.3% | -4.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2019/04/09/wasde-bearish-expected-corn-wheat
- proag.com: https://www.proag.com/news/wasde-bearish-as-expected-on-corn-and-wheat-neutral-on-soybeans/

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