# AFBF Farm Bil Priorities and WASDE Estimates Mixed - AG INFORMATION NETWORK OF THE WEST

> The Ag Information Network reported on the October WASDE, with corn 2022/23 ending stocks at 1.172 billion bushels against a trade estimate of 1.126 billion. Soybean ending stocks came in at 200 million bushels, below trade expectations of 245 million. Wheat ending stocks were 576 million bushels, down from 610 million in September. The segment also covered American Farm Bureau farm bill priorities.

- Date: 2022-10-20 · published 2022-10-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39099-afbf-farm-bil-priorities-and-wasde-estimates-mixed-ag-information-network-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Corn stocks above expectations are bearish, while soybean stocks below expectations support prices. The lower wheat stocks provide some offset.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2018-06-13 | [Wheat Prices Rally on Lower U.S. Winter Wheat Production Estimate - Northern Ag Network](https://feedsoft.ai/events/64483-wheat-prices-rally-on-lower-u-s-winter-wheat-production-estimate-northern-ag.md) | -6.8% | -13.0% |
| SOY | 2026-04-10 | [USDA Raises Wheat, Corn and Soy Price Estimates - Farm Policy News](https://feedsoft.ai/events/19746-usda-raises-wheat-corn-and-soy-price-estimates-farm-policy-news.md) | -0.1% | +1.0% |
| SOY | 2021-05-12 | [Markets mixed on new crop estimates](https://feedsoft.ai/events/47043-markets-mixed-on-new-crop-estimates.md) | -3.9% | -4.6% |
| CORN | 2024-02-14 | [Replacement Heifer and Cattle on Feed Trends Affecting Markets - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/31815-replacement-heifer-and-cattle-on-feed-trends-affecting-markets-ag-information.md) | +0.5% | +3.9% |
| CORN | 2017-11-10 | [Marketline Report for Friday, November 10th - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/10554-marketline-report-for-friday-november-10th-ag-information-network-of-the-west.md) | -0.9% | +0.6% |
| CORN | 2022-12-09 | [USDA’s WASDE leaves most grain and oilseed estimates unchanged \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38185-usda-s-wasde-leaves-most-grain-and-oilseed-estimates-unchanged-agri-pulse.md) | +1.9% | +2.9% |

## Sources

- aginfo.net: https://www.aginfo.net/report/54420/The-Agribusiness-Update/AFBF-Farm-Bil-Priorities-and-WASDE-Estimates-Mixed

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