# PF Report Reaction: USDA report data relatively mild for corn and soybeans - Pro Farmer

> USDA's January report raised the 2021 corn crop 53 million bushels to 15.115 billion, above trade expectations. Winter wheat seedings came in above expectations, and US and global wheat ending stocks rose from the prior month.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13394-pf-report-reaction-usda-report-data-relatively-mild-for-corn-and-soybeans-pro
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Larger wheat stocks and winter wheat seedings add supply, pressuring wheat prices and feed-grade substitution costs. Corn and soybean moves were modest because the data were close to expectations.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-03-08 | [PF Report Reaction: USDA cuts global ending stocks for corn, soybeans, wheat and cotton - Pro Farmer](https://feedsoft.ai/events/31133-pf-report-reaction-usda-cuts-global-ending-stocks-for-corn-soybeans-wheat-and.md) | -7.4% | -6.6% |
| WHEAT | 2023-09-29 | [PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer](https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer.md) | -4.7% | -2.2% |
| WHEAT | 2023-04-11 | [PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer](https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged.md) | +8.8% | -0.9% |
| WHEAT | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | +1.5% | +3.4% |
| WHEAT | 2024-04-11 | [PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer](https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer.md) | -0.9% | -0.5% |
| CORN | 2019-01-01 | [USDA Reports Provide Little Support for Corn and Soybeans](https://feedsoft.ai/events/61053-usda-reports-provide-little-support-for-corn-and-soybeans.md) | +1.4% | +1.8% |
| CORN | 2023-04-11 | [PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer](https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged.md) | +0.4% | +0.2% |
| CORN | 2023-07-12 | [USDA Report Bearish News for Corn and Soybeans](https://feedsoft.ai/events/34982-usda-report-bearish-news-for-corn-and-soybeans.md) | -5.7% | -8.7% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-usda-report-data-relatively-mild-corn-and-soybeans

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