# High Plains Ag Week 8/15/2019 - Ag Economics on the Plains

> The August WASDE surprised markets with a smaller corn acreage decline than pre-report estimates, and CBOT December corn fell 24.4 cents to a low of $3.706 per bushel. USDA raised its ending stocks estimate by 8.5%, to 2,181 million bushels, and lifted its wheat yield to 51.6 bushels per acre. KC HRW wheat fell 24.8 cents on Monday before partly recovering.

- Date: 2019-08-14 · published 2019-08-14T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/7609-high-plains-ag-week-8-15-2019-ag-economics-on-the-plains
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The larger-than-expected corn supply and higher stocks outlook pressure corn and wheat prices. Feed buyers face lower corn costs, while the market watches export sales for support.

## Read by commodity

- CORN: bearish ▼
- KWHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-08-11 | 1 | -5.9% | -3.3 | It reports KC HRW wheat falling 24.8 cents on the WASDE Monday, driven by higher corn stocks and a raised US wheat yield, which matches the size of the move, though it was published later and describes the same event as the WASDE. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-01-10 | [High Plains Ag Week 1/10/2020 - Ag Economics on the Plains](https://feedsoft.ai/events/55025-high-plains-ag-week-1-10-2020-ag-economics-on-the-plains.md) | -1.0% | -0.7% |
| CORN | 2025-07-02 | [Analyzing the June Acreage Report - Ag Economics on the Plains](https://feedsoft.ai/events/23814-analyzing-the-june-acreage-report-ag-economics-on-the-plains.md) | -3.1% | -4.1% |
| CORN | 2019-09-10 | [Federal Reserve: Observations on the Ag Economy- August 2019 - Farm Policy News](https://feedsoft.ai/events/6596-federal-reserve-observations-on-the-ag-economy-august-2019-farm-policy-news.md) | +6.7% | +9.3% |
| CORN | 2020-04-17 | [Federal Reserve-Observations on the Ag Economy-April 2020 - ProAg](https://feedsoft.ai/events/6056-federal-reserve-observations-on-the-ag-economy-april-2020-proag.md) | -0.9% | -1.5% |
| CORN | 2018-07-19 | [Federal Reserve: Observations on the Ag Economy- July 2018 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/6566-federal-reserve-observations-on-the-ag-economy-july-2018-farm-policy-news.md) | -1.3% | -0.2% |
| KWHEAT | 2018-12-18 | [US wheat exports cut by 25 million bushels - High Plains Journal](https://feedsoft.ai/events/7513-us-wheat-exports-cut-by-25-million-bushels-high-plains-journal.md) | -3.7% | -5.1% |
| KWHEAT | 2025-04-06 | [US agency projects India’s wheat output at record 115 MT - Economy News \| The Financial Express](https://feedsoft.ai/events/25058-us-agency-projects-india-s-wheat-output-at-record-115-mt-economy-news-the.md) | +1.9% | -6.7% |
| KWHEAT | 2023-06-29 | [Wheat prices fell again by 2.2-4.8% on the background of increased acreage in Canada](https://feedsoft.ai/events/35514-wheat-prices-fell-again-by-2-2-4-8-on-the-background-of-increased-acreage-in.md) | +5.3% | +8.2% |

## Sources

- agrilife.org: https://agrilife.org/agecon/high-plains-ag-week-8-15-2019/

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