# Not much action in USDA's June WASDE report

> USDA's June WASDE adjusted 2022/23 ending stocks: old crop corn rose 35 million bushels to 1.452 billion, and soybeans rose 15 million to 230 million. Wheat 2023/24 production was raised 6 million bushels to 1,665 million on higher Hard Red Winter output, and the market reacted with little movement.

- Date: 2023-06-20 · published 2023-06-20T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/9772-not-much-action-in-usda-s-june-wasde-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A largely neutral USDA report leaves price direction to weather and Black Sea risk, while higher US wheat stocks add modest bearish pressure on wheat.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-11 | [USDA Releases June Crop Production, WASDE Reports](https://feedsoft.ai/events/52459-usda-releases-june-crop-production-wasde-reports.md) | +1.0% | +5.3% |
| CORN | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +4.4% | -4.7% |
| CORN | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +1.0% | +5.3% |
| CORN | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | +1.3% | +1.3% |
| CORN | 2025-03-11 | [USDA Report Reaction \| Markets have muted response to USDA's March WASDE Report - Pro Farmer](https://feedsoft.ai/events/25513-usda-report-reaction-markets-have-muted-response-to-usda-s-march-wasde-report.md) | +5.0% | +2.5% |
| SOY | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +4.8% | +10.6% |
| SOY | 2020-06-11 | [No major surprises in USDA's WASDE report - Brownfield Ag News](https://feedsoft.ai/events/52555-no-major-surprises-in-usda-s-wasde-report-brownfield-ag-news.md) | +0.7% | +3.8% |
| SOY | 2026-03-10 | [USDA Releases March Crop Production, WASDE Reports](https://feedsoft.ai/events/20107-usda-releases-march-crop-production-wasde-reports.md) | -2.1% | -1.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/business-markets/commodities/news/15540897/not-much-action-in-usdas-june-wasde-report

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