# USDA WASDE Report at a Glance

> USDA's December WASDE kept 2016-17 U.S. corn and soybean supply and use unchanged, with soybean ending stocks at 480 million bushels, the highest since 2006-07. The season-average soybean price was raised 25 cents on both ends to $8.70 to $10.20 per bushel, and soybean oil was raised 2 cents to 34.5 to 37.5 cents per pound.

- Date: 2016-12-12 · published 2016-12-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher soybean and soyoil price forecasts support oilseed values, but record-high stocks and expected South American competition in 2017 cap the upside for soybeans and soybean meal.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +4.3% | +5.1% |
| SOY | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | -0.3% | +4.9% |
| SOY | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.4% | +6.6% |
| SOY | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +0.9% | +1.2% |
| SOY | 2018-06-12 | [USDA Reports Flash](https://feedsoft.ai/events/64479-usda-reports-flash.md) | -4.7% | -10.6% |
| SBO | 2021-06-10 | [USDA Report Recap](https://feedsoft.ai/events/46510-usda-report-recap.md) | -10.5% | -12.7% |
| SBO | 2021-04-09 | [USDA Report Recap](https://feedsoft.ai/events/47551-usda-report-recap.md) | +0.3% | +16.2% |
| SBO | 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) | +2.7% | +2.3% |

## Sources

- agnetwest.com: https://agnetwest.com/usda-wasde-report-at-a-glance/

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