# Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans - farmdoc daily

> farmdoc daily analysis states that corn and soybean prices remain historically high after the 2022 harvest, with nearby corn at $6.69 and soybeans at $14.57 per bushel. The authors review the 2022/23 supply and demand balance and offer revised forecasts.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12217-tempered-expectations-for-2022-23-supply-and-demand-for-corn-and-soybeans
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Tight supply balances and elevated price levels shape feed costs and marketing decisions. Revised USDA-style projections could move expectations for corn and soybean prices.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | +0.8% | +2.1% |
| CORN | 2021-02-18 | [2019 Covered Commodity Dashboard and Implications for the Crop Safety Net - farmdoc daily](https://feedsoft.ai/events/48605-2019-covered-commodity-dashboard-and-implications-for-the-crop-safety-net.md) | +0.8% | -4.4% |
| CORN | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +4.3% | +3.9% |
| CORN | 2025-02-11 | [USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady](https://feedsoft.ai/events/25987-usda-defies-expectations-holds-corn-and-soybean-ending-stocks-steady.md) | +1.4% | -5.7% |
| CORN | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | +1.8% | +4.0% |
| SOY | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | -0.1% | +3.4% |
| SOY | 2017-05-15 | [2017-18 Market Prospects for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/70852-2017-18-market-prospects-for-corn-and-soybeans-farmdoc-daily.md) | -0.1% | -2.4% |
| SOY | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +2.8% | +4.6% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2022/11/tempered-expectations-for-2022-23-supply-and-demand-for-corn-and-soybeans.html

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