# WASDE report shows bullish signs but market reacts cautiously...so far - RealAgriculture

> Analysts said the May WASDE showed tighter global grain supplies than expected, with 2018/19 global corn ending stocks at 159.2 million MT against an average trade estimate of 182 million. The market reacted only cautiously, with corn showing little gain.

- Date: 2018-05-10 · published 2018-05-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64968-wasde-report-shows-bullish-signs-but-market-reacts-cautiously-so-far
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Global corn stocks well below expectations point to a tighter balance, but the muted price response suggests the market needs more confirmation before rallying.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +4.1% | +4.1% |
| CORN | 2020-11-09 | [November WASDE has bullish surprises for soybeans, corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/50092-november-wasde-has-bullish-surprises-for-soybeans-corn-agweek-1-source-for.md) | -0.9% | +7.6% |
| CORN | 2021-08-11 | [August WASDE report friendly to markets, especially corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/45500-august-wasde-report-friendly-to-markets-especially-corn-agweek-1-source-for.md) | +1.1% | -7.3% |
| CORN | 2021-08-13 | [August WASDE Report Indicates Bullish Corn Markets - ProAg](https://feedsoft.ai/events/45501-august-wasde-report-indicates-bullish-corn-markets-proag.md) | -1.7% | -9.0% |
| CORN | 2019-09-13 | [AgroPages-USDA, WASDE Reports Rallies The Soybean Market 29¢.-Agricultural news](https://feedsoft.ai/events/10851-agropages-usda-wasde-reports-rallies-the-soybean-market-29-agricultural-news.md) | +3.9% | +5.5% |
| SOY | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -0.5% | -1.9% |
| SOY | 2020-05-12 | [WASDE report shows new crop ending stocks shrinking, corn stocks rising - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53058-wasde-report-shows-new-crop-ending-stocks-shrinking-corn-stocks-rising-agweek-1.md) | -0.9% | +1.3% |
| SOY | 2021-05-12 | [May WASDE report gives first look at new crop outlook - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/47042-may-wasde-report-gives-first-look-at-new-crop-outlook-agweek-1-source-for.md) | -3.9% | -4.6% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/05/wasde-report-shows-bullish-signs-but-market-reacts-cautiously-so-far/

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