# Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News

> USDA's July 12 WASDE raised 2022 corn production by 45 million bushels to 14.505 billion, and soybean production fell 135 million bushels to 4.505 billion. Corn 2022/23 ending stocks were 1.470 billion bushels, 28 million above market expectations, while soybean stocks were 230 million bushels, 19 million above expectations.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40431-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn and soybean stocks that came in above trade estimates point to a looser supply picture, which pressures prices for corn and soy-based feed ingredients.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | -1.6% | -7.1% |
| CORN | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -0.1% | -7.3% |
| CORN | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -8.8% | -9.3% |
| CORN | 2023-06-11 | [Key data in USDA's June 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35445-key-data-in-usda-s-june-9-wasde-report-and-difference-from-market-expectations.md) | +6.8% | -3.2% |
| CORN | 2022-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39093-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | +1.9% | -1.0% |
| SOY | 2023-07-13 | [Key data in USDA's July 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34984-key-data-in-usda-s-july-12-wasde-report-and-difference-from-market-expectations.md) | +0.2% | -3.8% |
| SOY | 2024-06-12 | [Key data in USDA's June 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/29693-key-data-in-usda-s-june-12-wasde-report-and-difference-from-market-expectations.md) | -0.3% | -3.0% |
| SOY | 2023-05-14 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/35886-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -8.9% | -4.3% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/07/13/key-data-in-usdas-july-12-wasde-report-and-difference-from-market-expectations/

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