# Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News

> USDA revised the 2022 U.S. wheat crop down 133 million bushels to 1,650 million, with hard red winter at 531 million. Its June 1 grain stocks report showed corn at 1,377 million bushels, 135 million below market forecasts, and soybeans at 274 million, 32 million above expectations.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/39554-key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller wheat crop and lower-than-expected corn stocks support wheat and corn prices, while larger soybean stocks add bearish pressure to soybeans and soymeal.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -1.6% | -7.1% |
| WHEAT | 2022-05-12 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/41349-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | +5.9% | +0.7% |
| WHEAT | 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) | -2.3% | -11.7% |
| WHEAT | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -2.1% | -3.3% |
| WHEAT | 2022-12-09 | [Key data in USDA's December 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38184-key-data-in-usda-s-december-9-wasde-report-and-difference-from-market.md) | +10.3% | +8.2% |
| KWHEAT | 2022-10-24 | [Canada lifts grain price forecasts, as it upgrades wheat export hopes - Grain Price News](https://feedsoft.ai/events/39181-canada-lifts-grain-price-forecasts-as-it-upgrades-wheat-export-hopes-grain.md) | -2.5% | -1.5% |
| KWHEAT | 2022-11-21 | [Canada lifts canola, durum, wheat price forecasts, amid hopes for export revivals - Grain Price News](https://feedsoft.ai/events/38787-canada-lifts-canola-durum-wheat-price-forecasts-amid-hopes-for-export-revivals.md) | -3.2% | -9.7% |
| KWHEAT | 2022-09-30 | [UPDATE 1-U.S. Wheat Harvest Falls Below Forecasts; Prices Rally](https://feedsoft.ai/events/39630-update-1-u-s-wheat-harvest-falls-below-forecasts-prices-rally.md) | -0.2% | -3.6% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/09/30/key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market-forecasts/

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