# Breaking Down the Markets: December 2023 | AgCountry

> The December 2023 WASDE was largely neutral for corn, wheat and soybeans. USDA raised corn exports by 25 million bushels, cutting projected ending stocks to 2.131 billion bushels. Corn March futures traded in a $0.26 range and set new contract lows.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/9991-breaking-down-the-markets-december-2023-agcountry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher export demand trims the U.S. corn carryout, but stocks remain far above last year, so the report offers limited price support. Attention is shifting to South American weather.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-13 | [Market Report - 13 December 2021 \| AHDB](https://feedsoft.ai/events/9259-market-report-13-december-2021-ahdb.md) | -0.1% | +0.8% |
| CORN | 2022-12-27 | [Hog Market Update: December 2022](https://feedsoft.ai/events/7010-hog-market-update-december-2022.md) | +2.0% | -0.2% |
| CORN | 2019-12-12 | [Market Perspectives – December 12, 2019 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9219-market-perspectives-december-12-2019-u-s-grains-and-bioproducts-council.md) | +5.5% | +5.7% |
| CORN | 2020-09-01 | [Tuesday Market Briefing - 1st September 2020 — Bartholomews](https://feedsoft.ai/events/51161-tuesday-market-briefing-1st-september-2020-bartholomews.md) | -0.4% | +5.9% |
| CORN | 2022-06-01 | [Cattle Supply and Demand Issues for the 2022 Marketing Year](https://feedsoft.ai/events/41547-cattle-supply-and-demand-issues-for-the-2022-marketing-year.md) | +2.3% | +0.5% |
| WHEAT | 2024-12-16 | [Arable Market Report – 16 December 2024 \| AHDB](https://feedsoft.ai/events/7785-arable-market-report-16-december-2024-ahdb.md) | -0.2% | -0.0% |
| WHEAT | 2018-12-07 | [Markets React Favorably to USDA's December Estimates - All Ag News](https://feedsoft.ai/events/61608-markets-react-favorably-to-usda-s-december-estimates-all-ag-news.md) | +1.9% | +2.8% |
| WHEAT | 2019-02-01 | [Farming News - Weekly update on the markets - Brexit & weather dominate](https://feedsoft.ai/events/60902-farming-news-weekly-update-on-the-markets-brexit-and-weather-dominate.md) | -1.2% | -6.2% |

## Sources

- agcountry.com: https://www.agcountry.com/resources/learning-center/2023/december-market-update

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