# Key data in USDA's September 12 Wasde report, and difference from market expectations - Grain Price News

> USDA's September 12 WASDE put 2022/23 U.S. corn production at 13.9 billion bushels and cut ending stocks, while soybean production fell to 4.378 billion bushels. Several figures differed from Reuters-polled market expectations, including soybean ending stocks 47 million bushels below forecasts.

- Date: 2022-09-12 · published 2022-09-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/39552-key-data-in-usda-s-september-12-wasde-report-and-difference-from-market
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower U.S. corn and soybean supplies and tighter ending stocks support feed grain and soymeal prices, with the soybean shortfall versus expectations adding upward pressure.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-05-12 | [Key data in USDA's May 10 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30218-key-data-in-usda-s-may-10-wasde-report-and-difference-from-market-expectations.md) | +0.8% | +5.0% |
| WHEAT | 2023-06-11 | [Key data in USDA's June 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35445-key-data-in-usda-s-june-9-wasde-report-and-difference-from-market-expectations.md) | +1.1% | +0.2% |
| WHEAT | 2023-02-08 | [Key data in USDA's February 8 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/37260-key-data-in-usda-s-february-8-wasde-report-and-difference-from-market.md) | -1.9% | -8.1% |
| WHEAT | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | +5.7% | -5.3% |
| WHEAT | 2016-12-12 | [Grain market steady after USDA report - Farmers Weekly](https://feedsoft.ai/events/73541-grain-market-steady-after-usda-report-farmers-weekly.md) | +1.1% | +2.0% |
| CORN | 2023-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/33587-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | -0.4% | -1.5% |
| CORN | 2022-08-12 | [Key data in USDA's August 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39958-key-data-in-usda-s-august-12-wasde-report-and-difference-from-market.md) | -0.7% | -1.6% |
| CORN | 2024-05-12 | [Key data in USDA's May 10 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30218-key-data-in-usda-s-may-10-wasde-report-and-difference-from-market-expectations.md) | -0.0% | +0.5% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/09/12/key-data-in-usdas-september-12-wasde-report-and-difference-from-market-expectations/
- 1230kfjb.com: https://www.1230kfjb.com/2022/09/13/usda-cuts-sorghum-production-estimate/
- theseam.com: https://www.theseam.com/wasde-sparks-a-corn-soybean-rally/

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