# PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer

> Pro Farmer's reaction to the August report notes a record soybean crop estimate of 4.531 billion bushels, above the trade's 4.481 billion, which pushed new-crop ending stocks higher than expected. Corn production came in at 14.359 billion bushels, below the trade's 14.392 billion, and cotton fell well short of expectations.

- Date: 2022-08-12 · published 2022-08-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39962-pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

A soybean supply surprise is bearish for soybeans and meal, while the smaller corn crop is supportive for feed grain prices.

## Read by commodity

- CSM: bullish ▲
- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2022-08-15 | 5 | -12.4% | -3.7 | Record soybean crop estimate above trade expectations lifted new-crop stocks, bearish for meal. |
| SOY | 2022-08-14 | 1 | -10.5% | -5.2 | The record soybean crop estimate lifted new-crop ending stocks above expectations, adding bearish supply pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-07-11 | [PF Reaction to USDA Reports \| USDA cuts old-, new-crop corn ending stocks - Pro Farmer](https://feedsoft.ai/events/23714-pf-reaction-to-usda-reports-usda-cuts-old-new-crop-corn-ending-stocks-pro-farmer.md) | +0.9% | -4.0% |
| SOY | 2021-09-30 | [USDA Estimate for Soybean Stocks Higher Than Expected \| Red River Farm Network](https://feedsoft.ai/events/45039-usda-estimate-for-soybean-stocks-higher-than-expected-red-river-farm-network.md) | -3.3% | -3.5% |
| SOY | 2024-08-12 | [PF Report Reaction: Soybean crop much bigger than expected, corn data mildly supportive. - Pro Farmer](https://feedsoft.ai/events/28716-pf-report-reaction-soybean-crop-much-bigger-than-expected-corn-data-mildly.md) | -8.7% | -2.7% |
| 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 | 2026-06-11 | [Report Reaction \| Corn, wheat see higher global ending stocks despite production concerns - Pro Farmer](https://feedsoft.ai/events/18733-report-reaction-corn-wheat-see-higher-global-ending-stocks-despite-production.md) | +0.8% | +6.5% |
| SBM | 2024-08-12 | [PF Report Reaction: Soybean crop much bigger than expected, corn data mildly supportive. - Pro Farmer](https://feedsoft.ai/events/28716-pf-report-reaction-soybean-crop-much-bigger-than-expected-corn-data-mildly.md) | -6.5% | -2.3% |
| SBM | 2024-08-13 | [USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets](https://feedsoft.ai/events/10464-usda-forecasts-record-us-soybean-production-and-higher-stocks-above-market.md) | -2.6% | -0.3% |
| SBM | 2022-03-31 | [PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer](https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer.md) | -2.3% | -6.5% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-record-soybean-crop-estimate-pushed-new-crop-ending-stocks-higher-expected

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