# Markets continue lower following July WASDE

> USDA's July WASDE report raised 2022 corn and wheat production estimates and trimmed soybean production on lower acreage. Corn and wheat supply estimates came in above expectations, while USDA's 2022/23 soybean ending stocks were cut to 230 million bushels. Grain futures moved lower after the release.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40428-markets-continue-lower-following-july-wasde
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Bigger corn and wheat supplies and a looser soybean balance than the trade expected add pressure to futures, and a Farm Futures analyst flagged possible buyer hesitancy amid a global recession.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-09-10 | [WASDE surprise sends market sharply lower \| Saxo](https://feedsoft.ai/events/62982-wasde-surprise-sends-market-sharply-lower-saxo.md) | -3.5% | +1.4% |
| CORN | 2023-11-10 | [Yield, Production and Stocks Increase Sends Corn and Soy Lower Following November WASDE](https://feedsoft.ai/events/33112-yield-production-and-stocks-increase-sends-corn-and-soy-lower-following.md) | +0.0% | -0.3% |
| CORN | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | -0.7% | -1.5% |
| CORN | 2022-07-12 | [Turner's Take Ag Markets \| WASDE Bearish](https://feedsoft.ai/events/5975-turner-s-take-ag-markets-wasde-bearish.md) | -13.6% | -16.3% |
| CORN | 2022-12-09 | [Markets snooze on December 2022 WASDE](https://feedsoft.ai/events/38186-markets-snooze-on-december-2022-wasde.md) | +1.9% | +2.9% |
| SOY | 2018-09-10 | [WASDE surprise sends market sharply lower \| Saxo](https://feedsoft.ai/events/62982-wasde-surprise-sends-market-sharply-lower-saxo.md) | -1.3% | +4.4% |
| SOY | 2025-07-14 | [July 2025 WASDE a Mixed Bag for Soy Markets - American Soybean Association](https://feedsoft.ai/events/15104-july-2025-wasde-a-mixed-bag-for-soy-markets-american-soybean-association.md) | +2.4% | -3.7% |
| SOY | 2024-06-12 | [June WASDE serves the markets a reality check](https://feedsoft.ai/events/29694-june-wasde-serves-the-markets-a-reality-check.md) | -0.3% | -3.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/markets-continue-lower-following-july-wasde

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