# USDA Expects Higher Corn Supplies

> USDA's July WASDE raised projected 2022/23 and 2021/22 U.S. corn ending stocks, with 2022/23 corn at 1.470 billion bushels versus a trade estimate of 1.433 billion. Soybean ending stocks for 2022/23 fell to 230 million bushels, and wheat ending stocks were 639 million bushels.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40429-usda-expects-higher-corn-supplies
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher corn carryout signals ample feed grain supply, which tends to weigh on corn and feed-ingredient prices, while the smaller soybean carryout offers partial support for soy-complex prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +1.6% | -5.7% |
| CORN | 2019-04-09 | [USDA Expects Larger Corn Stocks](https://feedsoft.ai/events/11376-usda-expects-larger-corn-stocks.md) | +1.8% | -0.5% |
| CORN | 2020-08-12 | [USDA Expects Record Corn Crop](https://feedsoft.ai/events/51548-usda-expects-record-corn-crop.md) | +3.8% | +8.3% |
| CORN | 2024-02-08 | [February WASDE: U.S. supplies higher than traders expected](https://feedsoft.ai/events/31628-february-wasde-u-s-supplies-higher-than-traders-expected.md) | -1.4% | +1.6% |
| CORN | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -2.5% | -0.1% |
| SOY | 2021-11-09 | [USDA Expects Record-High Corn Yield](https://feedsoft.ai/events/43999-usda-expects-record-high-corn-yield.md) | +6.7% | +6.1% |
| SOY | 2019-04-09 | [USDA Expects Larger Corn Stocks](https://feedsoft.ai/events/11376-usda-expects-larger-corn-stocks.md) | -0.0% | -9.0% |
| SOY | 2019-06-11 | [U.S. Corn Production, Supplies Fall, USDA Says](https://feedsoft.ai/events/58451-u-s-corn-production-supplies-fall-usda-says.md) | +6.3% | +2.8% |

## Sources

- agriculture.com: https://www.agriculture.com/news/business/usda

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