# What Happens When USDA Updates Yield Expectations? - farmdoc daily

> Farmdoc daily analyzed the July 12 WASDE, which updated corn and soybean balance sheets for June Acreage data but left yield estimates unchanged despite Midwest dryness concerns. The result was a slight increase in projected corn ending stocks.

- Date: 2022-07-18 · published 2022-07-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/13348-what-happens-when-usda-updates-yield-expectations-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Keeping yields unchanged while dryness persists means the balance sheet may overstate supply, so a downward yield revision in August would be bullish for corn prices.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-30 | [What to expect from the next USDA Prospective Plantings Report? - farmdoc daily](https://feedsoft.ai/events/72024-what-to-expect-from-the-next-usda-prospective-plantings-report-farmdoc-daily.md) | +0.9% | +0.8% |
| CORN | 2019-02-28 | [2018 Year End RIN Update - farmdoc daily](https://feedsoft.ai/events/60464-2018-year-end-rin-update-farmdoc-daily.md) | -0.8% | +1.1% |
| CORN | 2022-11-29 | [Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/12217-tempered-expectations-for-2022-23-supply-and-demand-for-corn-and-soybeans.md) | -3.8% | +0.6% |
| CORN | 2025-11-18 | [Visualizing USDA's updates to yield forecasts - Pro Farmer](https://feedsoft.ai/events/13040-visualizing-usda-s-updates-to-yield-forecasts-pro-farmer.md) | -1.7% | -0.1% |
| CORN | 2021-11-09 | [USDA Expects Record-High Corn Yield](https://feedsoft.ai/events/43999-usda-expects-record-high-corn-yield.md) | +1.2% | +5.2% |
| SOY | 2023-08-25 | [Here’s How Pro Farmer's 2023 Yield Estimates Stack Up to USDA Expectations - AgWeb](https://feedsoft.ai/events/13256-here-s-how-pro-farmer-s-2023-yield-estimates-stack-up-to-usda-expectations-agweb.md) | -0.4% | -5.1% |
| SOY | 2017-03-30 | [What to expect from the next USDA Prospective Plantings Report? - farmdoc daily](https://feedsoft.ai/events/72024-what-to-expect-from-the-next-usda-prospective-plantings-report-farmdoc-daily.md) | -2.6% | -2.4% |
| SOY | 2022-11-29 | [Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/12217-tempered-expectations-for-2022-23-supply-and-demand-for-corn-and-soybeans.md) | -1.3% | +1.7% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2022/07/wasde-recap-for-july-2022-what-happens-when-usda-updates-yield-expectations.html

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