# Markets React Favorably to USDA's December Estimates - All Ag News

> USDA's December WASDE cut 2018/19 US corn production 152 million bushels to 14.626 billion on a lower yield, lifting the season-average farm price 10 cents to $3.60. Wheat supplies were unchanged, with the farm price held at $5.10. Soybean production fell, but ending stocks rose.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/61608-markets-react-favorably-to-usda-s-december-estimates-all-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

The smaller corn crop and tighter ending stocks support corn prices, while higher soybean stocks weigh on soy prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-03-06 | [USDA releases new crop estimates for major crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/71835-usda-releases-new-crop-estimates-for-major-crops-agweek-1-source-for.md) | -0.2% | +0.3% |
| WHEAT | 2026-04-10 | [USDA Raises Wheat, Corn and Soy Price Estimates - Farm Policy News](https://feedsoft.ai/events/19746-usda-raises-wheat-corn-and-soy-price-estimates-farm-policy-news.md) | +3.8% | +0.3% |
| WHEAT | 2024-10-11 | [No big surprises in USDA report, markets trading weather - Brownfield Ag News](https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news.md) | -0.5% | -1.5% |
| WHEAT | 2017-04-13 | [Weekly wheat exports top most estimates - Brownfield Ag News](https://feedsoft.ai/events/71579-weekly-wheat-exports-top-most-estimates-brownfield-ag-news.md) | -1.5% | +1.7% |
| WHEAT | 2024-12-16 | [Arable Market Report – 16 December 2024 \| AHDB](https://feedsoft.ai/events/7785-arable-market-report-16-december-2024-ahdb.md) | -0.2% | -0.0% |
| CORN | 2020-07-01 | [Corn extends rally after deep cut to US planting estimate - Markets - Business Recorder](https://feedsoft.ai/events/52153-corn-extends-rally-after-deep-cut-to-us-planting-estimate-markets-business.md) | +1.9% | -4.5% |
| CORN | 2026-04-10 | [USDA Raises Wheat, Corn and Soy Price Estimates - Farm Policy News](https://feedsoft.ai/events/19746-usda-raises-wheat-corn-and-soy-price-estimates-farm-policy-news.md) | +1.0% | +2.2% |
| CORN | 2023-09-29 | [PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer](https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer.md) | +1.9% | +0.9% |

## Sources

- allagnews.com: https://www.allagnews.com/markets-react-favorably-to-usdas-december-estimates/

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