# USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report

> USDA's March report left U.S. 2022-23 wheat ending stocks unchanged at 568 million bushels and wheat exports at 775 million. World wheat production was raised to 788.94 million tonnes, while Russian production was held at 92.0 million tonnes. Soybean ending stocks were cut to 210 million bushels and corn carryout was raised.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher world wheat output and unchanged U.S. wheat stocks offer limited support to wheat prices. The soybean stock cut tightens the soy complex, which supports soybean meal values for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-07-11 | [PF Reaction to USDA Reports \| USDA cuts old-, new-crop corn ending stocks - Pro Farmer](https://feedsoft.ai/events/23714-pf-reaction-to-usda-reports-usda-cuts-old-new-crop-corn-ending-stocks-pro-farmer.md) | -2.3% | -2.1% |
| 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 | 2024-07-12 | [USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks](https://feedsoft.ai/events/29201-usda-hikes-corn-production-but-lowers-2024-25-corn-ending-stocks.md) | -3.9% | -2.9% |
| 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 | 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) | -2.0% | +4.8% |
| 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 | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +2.6% | +2.4% |
| SOY | 2023-03-08 | [Report snapshot: higher U.S. and global corn ending stocks - Pro Farmer](https://feedsoft.ai/events/36816-report-snapshot-higher-u-s-and-global-corn-ending-stocks-pro-farmer.md) | -1.7% | -0.5% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2023/03/08/usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher-corn/

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