# USDA Forecasts Steady U.S. Corn and Soybean Supplies

> USDA's April WASDE made no changes to U.S. corn and soybean supply numbers, surprising analysts who had expected cuts. Corn ending stocks were pegged at 1.342 billion bushels and soybean stocks at 210 million, both above trade estimates.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Ending stocks above trade expectations signal looser near-term U.S. supplies, which weighs on corn and soybean prices. The market will look to the May report for demand changes.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -1.6% | +1.4% |
| CORN | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.8% | +8.3% |
| CORN | 2025-09-18 | [USDA lowers corn, soybean yield forecasts – AgriNews](https://feedsoft.ai/events/13055-usda-lowers-corn-soybean-yield-forecasts-agrinews.md) | -0.6% | -2.4% |
| CORN | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +1.6% | -5.7% |
| CORN | 2024-04-04 | [Corn and soybean prices extend losses on oversupply forecasts](https://feedsoft.ai/events/30757-corn-and-soybean-prices-extend-losses-on-oversupply-forecasts.md) | -1.0% | -1.1% |
| SOY | 2024-08-12 | [USDA Forecasts Record Soybean Crop](https://feedsoft.ai/events/28713-usda-forecasts-record-soybean-crop.md) | -8.7% | -2.7% |
| SOY | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.9% | +11.6% |
| SOY | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +0.9% | +1.9% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/usda-forecasts-steady-corn-and-soybean-supplies

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