# October WASDE mismatched with industry expectations for corn, soybean stocks - McKeany-Flavell

> USDA's October WASDE showed higher 2022/23 corn ending stocks and lower soybean stocks than analysts expected. USDA cut corn export use by 125 million bushels to 2.15 billion and shifted 50 million bushels from ethanol to feed. Soybean futures rallied on the report while corn showed mixed, slightly bearish trade.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39091-october-wasde-mismatched-with-industry-expectations-for-corn-soybean-stocks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower soybean stocks than expected tighten the old-crop balance and support soybean prices. The larger corn stocks and cut demand weigh on corn prices, which are only partly offset by the export reduction.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +0.7% | -3.3% |
| SOY | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.8% | +4.2% |
| SOY | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.6% | +1.1% |
| SOY | 2020-10-16 | [September soybean crush sets record for month - McKeany-Flavell](https://feedsoft.ai/events/50713-september-soybean-crush-sets-record-for-month-mckeany-flavell.md) | +1.1% | +7.0% |
| SOY | 2025-04-10 | [WASDE ending stocks estimates positive for corn and soybeans \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25068-wasde-ending-stocks-estimates-positive-for-corn-and-soybeans-an-official.md) | +2.6% | +2.4% |
| CORN | 2024-10-15 | [October WASDE: Top takeaways for corn, soybeans and wheat](https://feedsoft.ai/events/27804-october-wasde-top-takeaways-for-corn-soybeans-and-wheat.md) | -0.1% | +2.6% |
| CORN | 2023-06-09 | [Corn and soy export expectations drop in Friday's WASDE report](https://feedsoft.ai/events/35443-corn-and-soy-export-expectations-drop-in-friday-s-wasde-report.md) | +4.4% | -4.7% |
| CORN | 2021-10-11 | [Turner's Take Ag Marketing \| October WASDE Bearish for Soybeans and Corn](https://feedsoft.ai/events/44488-turner-s-take-ag-marketing-october-wasde-bearish-for-soybeans-and-corn.md) | -1.0% | +5.7% |

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/october-wasde-mismatched-with-industry-expectations-for-corn-soybean-stocks-10-12-22/

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