# Yield News Now, Demand News to Come - farmdoc daily

> USDA's August WASDE lowered US corn production and raised soybean production based on new NASS acreage and yield data. The projected corn ending stocks-to-use ratio fell to 9.6% and soybean ending stocks rose to 5.4%, both historically low. New-crop futures fell after the report but recovered by the close.

- Date: 2022-08-17 · published 2022-08-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40067-yield-news-now-demand-news-to-come-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A tighter corn balance sheet supports corn prices, while the larger soybean crop is a partial offset for soybeans. Demand and export adjustments may still come.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-22 | [2022 County Crop Yields - farmdoc daily](https://feedsoft.ai/events/13288-2022-county-crop-yields-farmdoc-daily.md) | +1.7% | +1.3% |
| CORN | 2023-10-18 | [Brazil Expected to Expand Soybean Acreage and Reduce Corn Acreage - farmdoc daily](https://feedsoft.ai/events/13622-brazil-expected-to-expand-soybean-acreage-and-reduce-corn-acreage-farmdoc-daily.md) | +1.9% | -1.3% |
| CORN | 2022-10-18 | [WASDE Recap: Corn and Soybeans at a Turning Point - farmdoc daily](https://feedsoft.ai/events/14896-wasde-recap-corn-and-soybeans-at-a-turning-point-farmdoc-daily.md) | -0.9% | -2.3% |
| CORN | 2020-07-06 | [USDA Surprises Drive Corn Prices Higher - farmdoc daily](https://feedsoft.ai/events/52152-usda-surprises-drive-corn-prices-higher-farmdoc-daily.md) | -0.8% | -5.0% |
| CORN | 2023-01-14 | [Acreage Surprise Boosts Old-Crop Prices - farmdoc daily](https://feedsoft.ai/events/37731-acreage-surprise-boosts-old-crop-prices-farmdoc-daily.md) | -0.0% | +0.7% |
| SOY | 2023-03-22 | [2022 County Crop Yields - farmdoc daily](https://feedsoft.ai/events/13288-2022-county-crop-yields-farmdoc-daily.md) | +0.1% | +2.7% |
| SOY | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | -0.1% | +3.4% |
| SOY | 2022-11-29 | [Tempered Expectations for 2022/23 Supply and Demand for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/12217-tempered-expectations-for-2022-23-supply-and-demand-for-corn-and-soybeans.md) | -1.3% | +1.7% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2022/08/wasde-recap-for-august-2022-yield-news-now-demand-news-to-come.html

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