# January 2023 World Agricultural Supply and Demand Estimates Update

> The Iowa Farm Bureau summarized the January WASDE, which reduced U.S. corn production by 200 million bushels on lower harvested acres. Feed, food and export use were cut by 185 million bushels, leaving ending stocks down 15 million bushels, and corn and soybean markets moved higher.

- Date: 2023-01-13 · published 2023-01-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37732-january-2023-world-agricultural-supply-and-demand-estimates-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Production cuts exceeding use cuts tighten U.S. supplies and support corn and soybean prices. Slow export sales and high Mississippi barge rates are also flagged as factors for the coming months.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-09 | [World Agricultural Supply and Demand Estimates Predict Milk Production Up for 2018 • Northwest Iowa Dairy Outlook • Iowa State University Extension and Outreach](https://feedsoft.ai/events/65991-world-agricultural-supply-and-demand-estimates-predict-milk-production-up-for.md) | +1.9% | +4.1% |
| CORN | 2024-03-13 | [India: India Grain and Feed - Quarterly Update - March 2024 \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/31142-india-india-grain-and-feed-quarterly-update-march-2024-usda-foreign.md) | +1.5% | -5.0% |
| CORN | 2024-06-19 | [Mexico: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/29718-mexico-grain-and-feed-update-usda-foreign-agricultural-service.md) | -6.0% | -9.5% |
| CORN | 2024-05-13 | [WASDE update: Supportive grain estimates for 2024/25 \| articles \| ING THINK](https://feedsoft.ai/events/30214-wasde-update-supportive-grain-estimates-for-2024-25-articles-ing-think.md) | -0.0% | +0.5% |
| CORN | 2017-10-09 | [U.S. Agricultural Exports- Data Update from USDA - Farm Policy News](https://feedsoft.ai/events/68329-u-s-agricultural-exports-data-update-from-usda-farm-policy-news.md) | +0.1% | -1.3% |
| SOY | 2021-01-12 | [New WASDE: World Agricultural Supply & Demand Estimates \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/49094-new-wasde-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo.md) | +0.8% | +2.0% |
| SOY | 2017-10-09 | [U.S. Agricultural Exports- Data Update from USDA - Farm Policy News](https://feedsoft.ai/events/68329-u-s-agricultural-exports-data-update-from-usda-farm-policy-news.md) | +2.9% | +0.5% |
| SOY | 2023-08-01 | [China: China Trade Data Update - 1st Half CY2023 \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14818-china-china-trade-data-update-1st-half-cy2023-usda-foreign-agricultural-service.md) | -2.2% | -3.5% |

## Sources

- iowafarmbureau.com: https://www.iowafarmbureau.com/Article/January-2023-World-Agricultural-Supply-and-Demand-Estimates-Update

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