# USDA WASDE report

> Monthly World Agricultural Supply and Demand Estimates, 12:00 ET. Updates US and world balance sheets and season-average price projections. Surprises: US soybean ending stocks 230 mil bu vs prior 280 (-17.9%, bullish); US corn ending stocks 1,470 mil bu vs prior 1,400 (+5.0%, bearish); US soybean meal price 390 $/st vs prior 400 (-2.5%, bearish); US wheat exports 800 mil bu vs prior 775 (+3.2%, bullish); US soybean exports 2,135 mil bu vs prior 2,200 (-3.0%, bearish); US soybean meal exports 14,000 k st vs prior 14,400 (-2.8%, bearish); US soybean season-avg farm price 14.4 $/bu vs prior 14.7 (-2.0%, bearish).

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US
- Page: https://feedsoft.ai/events/1195-usda-wasde-report-2022-07-12
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Oats](https://feedsoft.ai/c/OATS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-07-15 | 5 | -8.9% | -3.0 | The WASDE raised 2022/23 US corn ending stocks by 5% to 1.47 bn bu, a bearish supply surprise on the report day. |
| SBM | 2022-07-19 | 5 | -9.9% | -3.3 | The July 12 WASDE lowered US soybean meal price, export and crush projections, which was largely bearish for meal even though ending stocks came in below the prior estimate. |
| CORN | 2022-07-14 | 1 | -8.1% | -4.5 | The WASDE raised US corn ending stocks by 5%, a bearish supply surprise that triggered selling. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-10 | [USDA WASDE report](https://feedsoft.ai/events/1154-usda-wasde-report-2018-08-10.md) | -7.5% | -9.1% |
| CORN | 2020-11-10 | [USDA WASDE report](https://feedsoft.ai/events/1180-usda-wasde-report-2020-11-10.md) | +9.7% | +8.7% |
| CORN | 2018-03-08 | [USDA WASDE report](https://feedsoft.ai/events/1149-usda-wasde-report-2018-03-08.md) | +2.4% | +5.3% |
| CORN | 2023-05-12 | [USDA WASDE report](https://feedsoft.ai/events/1205-usda-wasde-report-2023-05-12.md) | -8.7% | -8.7% |
| CORN | 2026-07-10 | [USDA WASDE report](https://feedsoft.ai/events/1242-usda-wasde-report-2026-07-10.md) | +0.6% | +1.4% |
| SOY | 2018-03-08 | [USDA WASDE report](https://feedsoft.ai/events/1149-usda-wasde-report-2018-03-08.md) | -2.5% | -2.3% |
| SOY | 2018-08-10 | [USDA WASDE report](https://feedsoft.ai/events/1154-usda-wasde-report-2018-08-10.md) | -0.3% | -6.3% |
| SOY | 2020-11-10 | [USDA WASDE report](https://feedsoft.ai/events/1180-usda-wasde-report-2020-11-10.md) | +4.4% | +3.7% |

## Sources

- USDA WAOB: https://www.usda.gov/oce/commodity/wasde

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