# USDA Projects Higher Corn and Soybean Supply

> USDA's November 9 WASDE raised 2022 US corn production to 13.93 billion bushels on a 172.3 bpa yield and soybean production to 4.346 billion bushels. Ending stocks rose to 1.182 billion bushels for corn and 220 million for soybeans, both above October estimates.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Larger-than-expected supplies with higher ending stocks weigh on corn and soybean prices. Export rationing from a strong dollar and low Mississippi River levels could still tighten the balance later.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-12 | [USDA Expects Higher Corn Supplies](https://feedsoft.ai/events/40429-usda-expects-higher-corn-supplies.md) | -13.6% | -16.3% |
| CORN | 2019-05-10 | [Higher New Corn, Soybean Ending Stocks Projected](https://feedsoft.ai/events/59042-higher-new-corn-soybean-ending-stocks-projected.md) | +5.8% | +12.3% |
| CORN | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +0.4% | +0.2% |
| CORN | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -2.5% | -0.1% |
| CORN | 2019-01-01 | [USDA Reports Provide Little Support for Corn and Soybeans](https://feedsoft.ai/events/61053-usda-reports-provide-little-support-for-corn-and-soybeans.md) | +1.4% | +1.8% |
| SOY | 2022-08-12 | [USDA Projects Higher Soybean Yield, Lower Demand](https://feedsoft.ai/events/39955-usda-projects-higher-soybean-yield-lower-demand.md) | -12.5% | -12.9% |
| SOY | 2019-05-10 | [Higher New Corn, Soybean Ending Stocks Projected](https://feedsoft.ai/events/59042-higher-new-corn-soybean-ending-stocks-projected.md) | +4.9% | +7.0% |
| SOY | 2023-04-11 | [USDA Forecasts Steady U.S. Corn and Soybean Supplies](https://feedsoft.ai/events/36342-usda-forecasts-steady-u-s-corn-and-soybean-supplies.md) | +2.0% | -1.2% |

## Sources

- agriculture.com: https://www.agriculture.com/news/crops/usda-projects-higher-corn-and-soybean-supply

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