# PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer

> Pro Farmer reports that USDA left 2022-23 corn and soybean carryover unchanged, against trade expectations of cuts after lower-than-expected March 1 stocks. Wheat carryover rose to 598 million bushels from 568 million, and cotton carryover fell to 4.1 million bales.

- Date: 2023-04-11 · published 2023-04-11T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Carryover above the trade average suggests less tightness than expected, which is bearish for corn and wheat prices. Soybeans were roughly unchanged on the day.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-08 | [PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/41798-pf-report-reaction-u-s-corn-wheat-ending-stocks-higher-than-expected-pro-farmer.md) | -0.7% | -6.4% |
| CORN | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | +0.5% | +15.2% |
| CORN | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.8% | +1.0% |
| CORN | 2026-09-30 | [Report Reaction \| USDA shows 2025/26 corn ending stocks above 2-billion bushel mark - Pro Farmer](https://feedsoft.ai/events/17407-report-reaction-usda-shows-2025-26-corn-ending-stocks-above-2-billion-bushel.md) | -2.9% | -9.4% |
| CORN | 2022-01-12 | [PF Report Reaction: USDA report data relatively mild for corn and soybeans - Pro Farmer](https://feedsoft.ai/events/13394-pf-report-reaction-usda-report-data-relatively-mild-for-corn-and-soybeans-pro.md) | -2.6% | +3.6% |
| SOY | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | -1.1% | +7.5% |
| SOY | 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) | +2.1% | +2.4% |
| SOY | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.7% | +5.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged

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