# WASDE update: Release provides little support to markets | articles | ING THINK

> Grain markets fell after the July WASDE, which included no major surprises. USDA raised 2022/23 U.S. corn ending stocks to 1.47 billion bushels on larger planted acreage of 89.9 million acres, above the market's 1.43 billion expectation. Soybean production estimates were revised down from 4.64 to 4.5 billion bushels.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40430-wasde-update-release-provides-little-support-to-markets-articles-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A larger corn carryout reinforces the bearish corn outlook and offers little support against broader commodity selling, keeping feed-grain prices under pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-11-10 | [WASDE update: Bearish release weighs on grains \| articles \| ING THINK](https://feedsoft.ai/events/33114-wasde-update-bearish-release-weighs-on-grains-articles-ing-think.md) | +0.0% | -0.3% |
| CORN | 2023-09-13 | [WASDE update: Tighter wheat and looser corn market \| articles \| ING THINK](https://feedsoft.ai/events/34042-wasde-update-tighter-wheat-and-looser-corn-market-articles-ing-think.md) | -7.1% | -5.9% |
| CORN | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +0.8% | -4.7% |
| CORN | 2022-01-13 | [WASDE update: Poor South American weather weighs on supply prospects \| articles \| ING THINK](https://feedsoft.ai/events/43105-wasde-update-poor-south-american-weather-weighs-on-supply-prospects-articles.md) | -1.3% | +5.3% |
| CORN | 2021-07-13 | [WASDE update: Global wheat stocks tighten \| articles \| ING THINK](https://feedsoft.ai/events/46007-wasde-update-global-wheat-stocks-tighten-articles-ing-think.md) | -10.7% | -12.3% |
| SOY | 2023-11-10 | [WASDE update: Bearish release weighs on grains \| articles \| ING THINK](https://feedsoft.ai/events/33114-wasde-update-bearish-release-weighs-on-grains-articles-ing-think.md) | +2.4% | -1.8% |
| SOY | 2024-05-13 | [WASDE update: Supportive grain estimates for 2024/25 \| articles \| ING THINK](https://feedsoft.ai/events/30214-wasde-update-supportive-grain-estimates-for-2024-25-articles-ing-think.md) | +1.9% | -1.4% |
| SOY | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +1.5% | -1.1% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-release-provides-little-support-to-markets/

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