# USDA Trims Soybean Ending Stocks, Bumps Up Corn

> USDA cut 2022-23 U.S. soybean ending stocks to 210 million bushels, down 15 million from February, after lowering the crush estimate by 10 million and raising exports by 25 million. Corn export demand was reduced by 75 million bushels and corn ending stocks were raised by the same amount to 1.342 billion bushels. Corn production was held at 13.730 billion bushels.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/36817-usda-trims-soybean-ending-stocks-bumps-up-corn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower soybean stocks tighten the U.S. soy balance and support soybean meal costs for feed users. The higher corn carryout signals weaker domestic corn demand, which pressures corn prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | -1.0% | -4.9% |
| SOY | 2020-10-09 | [USDA Lowers Soybean Ending Stocks, Trims Production](https://feedsoft.ai/events/50595-usda-lowers-soybean-ending-stocks-trims-production.md) | +1.2% | +4.9% |
| SOY | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |
| SOY | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.1% | -3.2% |
| SOY | 2017-09-29 | [U.S. Corn, Soybean Stocks Drop, USDA Says](https://feedsoft.ai/events/68896-u-s-corn-soybean-stocks-drop-usda-says.md) | +0.9% | +1.2% |
| SBM | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +1.4% | -0.6% |
| SBM | 2017-09-29 | [U.S. Corn, Soybean Stocks Drop, USDA Says](https://feedsoft.ai/events/68896-u-s-corn-soybean-stocks-drop-usda-says.md) | +2.0% | +1.7% |
| SBM | 2025-02-27 | [USDA Forecasts Tighter-Than-Expected Soybean Ending Stocks](https://feedsoft.ai/events/26098-usda-forecasts-tighter-than-expected-soybean-ending-stocks.md) | -0.1% | +0.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/03/08/usda-releases-march-crop-production

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