# February 2022 WASDE Report Holds Few Surprises, but Grain Markets Surge

> The February 2022 WASDE showed few changes to US corn and soybean balance sheets, with US corn ending stocks unchanged at 1.540 billion bushels. USDA cut the Brazilian corn crop by only 1 million tonnes to 114 million tonnes, less than traders expected. Grain futures rose to new contract highs after the report.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/14057-february-2022-wasde-report-holds-few-surprises-but-grain-markets-surge
- 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

A smaller-than-expected South American cut signals ongoing tightness, and the market rallied on South American weather concerns and the Ukraine conflict, supporting corn, soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2026-02-10 | [February 2026 WASDE REPORT SUMMARY AND NOTES: - CIH](https://feedsoft.ai/events/20549-february-2026-wasde-report-summary-and-notes-cih.md) | +0.7% | +1.9% |
| CORN | 2021-02-16 | [Market Trends Report - February & March 2021 - Grain Farmers of Ontario](https://feedsoft.ai/events/9249-market-trends-report-february-and-march-2021-grain-farmers-of-ontario.md) | +1.5% | -3.8% |
| CORN | 2021-06-11 | [Old-Crop Corn Stocks Surprise of WASDE Report \| Feed & Grain](https://feedsoft.ai/events/46505-old-crop-corn-stocks-surprise-of-wasde-report-feed-and-grain.md) | -6.1% | -4.6% |
| CORN | 2021-01-12 | [January WASDE Holds Bullish Surprises \| Radio 570 WNAX](https://feedsoft.ai/events/49093-january-wasde-holds-bullish-surprises-radio-570-wnax.md) | +5.8% | +11.6% |
| SOY | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.5% | +14.1% |
| SOY | 2022-01-17 | [Market Trends Report – January & February 2022 - Grain Farmers of Ontario](https://feedsoft.ai/events/11815-market-trends-report-january-and-february-2022-grain-farmers-of-ontario.md) | +3.4% | +15.7% |
| SOY | 2021-02-16 | [Market Trends Report - February & March 2021 - Grain Farmers of Ontario](https://feedsoft.ai/events/9249-market-trends-report-february-and-march-2021-grain-farmers-of-ontario.md) | +0.9% | +3.5% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/02/09/february-2022-wasde-report-holds

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