# July WASDE Surprises Trade With Old Crop Ending Stocks Reductions

> USDA's July WASDE raised estimated 2024/25 US corn production to 15.100 billion bushels and cut soybean production slightly to 4.435 billion. The report lowered 2024/25 corn ending stocks and reduced old-crop soybean stocks more than the trade had expected.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7099-july-wasde-surprises-trade-with-old-crop-ending-stocks-reductions
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter-than-expected US corn and soybean carryouts support prices and lift the cost of feed grains and meal for buyers.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-11-09 | [WASDE Report Surprises With Lower Yield, Production, Soy Stocks](https://feedsoft.ai/events/43997-wasde-report-surprises-with-lower-yield-production-soy-stocks.md) | +1.2% | +5.2% |
| CORN | 2021-06-11 | [Old-Crop Corn Stocks Surprise of WASDE Report \| Feed & Grain](https://feedsoft.ai/events/46505-old-crop-corn-stocks-surprise-of-wasde-report-feed-and-grain.md) | -6.1% | -4.6% |
| CORN | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +1.1% | -0.6% |
| CORN | 2025-09-13 | [WASDE: USDA surprises with even bigger corn production](https://feedsoft.ai/events/6849-wasde-usda-surprises-with-even-bigger-corn-production.md) | +5.1% | +2.8% |
| CORN | 2025-05-12 | [USDA Reduces Old Crop Corn Ending Stocks, Pegs New Crop Lower Than Expected](https://feedsoft.ai/events/24606-usda-reduces-old-crop-corn-ending-stocks-pegs-new-crop-lower-than-expected.md) | +0.0% | +1.9% |
| SOY | 2021-11-09 | [WASDE Report Surprises With Lower Yield, Production, Soy Stocks](https://feedsoft.ai/events/43997-wasde-report-surprises-with-lower-yield-production-soy-stocks.md) | +6.7% | +6.1% |
| SOY | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +0.7% | -3.3% |
| SOY | 2025-09-13 | [WASDE: USDA surprises with even bigger corn production](https://feedsoft.ai/events/6849-wasde-usda-surprises-with-even-bigger-corn-production.md) | -0.0% | -1.9% |

## Sources

- agriculture.com: https://www.agriculture.com/july-usda-wadse-report-8641590

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