# U.S. cuts soy supply outlook, raises corn, wheat stocks view in June WASDE - Agweek | #1 source for agriculture news, farming, markets

> The USDA's June WASDE cut U.S. soybean ending stocks for both old and new crops because export demand stayed strong. It raised corn supplies above expectations and lifted the wheat stocks outlook as the harvest improved.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40893-u-s-cuts-soy-supply-outlook-raises-corn-wheat-stocks-view-in-june-wasde-agweek
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller soybean stocks are supportive for soybeans and soybean meal, while larger corn and wheat stocks are mildly bearish for those grains and weigh on feed costs over time. Analysts saw no fresh bullish news, so the report is unlikely to move prices much by itself.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2016-05-09 | [USDA slashes soy supply view; prices surge - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6519-usda-slashes-soy-supply-view-prices-surge-agweek-1-source-for-agriculture-news.md) | +2.8% | +10.9% |
| SOY | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.0% | +0.3% |
| SOY | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -2.1% | -2.3% |
| SOY | 2020-11-09 | [November WASDE has bullish surprises for soybeans, corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/50092-november-wasde-has-bullish-surprises-for-soybeans-corn-agweek-1-source-for.md) | +3.9% | +5.5% |
| SOY | 2024-11-21 | [USDA's lower ending stocks boost markets briefly - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6062-usda-s-lower-ending-stocks-boost-markets-briefly-agweek-1-source-for.md) | -0.2% | -2.8% |
| SBM | 2016-05-09 | [USDA slashes soy supply view; prices surge - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6519-usda-slashes-soy-supply-view-prices-surge-agweek-1-source-for-agriculture-news.md) | +5.8% | +20.7% |
| SBM | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -4.3% | -4.2% |
| SBM | 2020-11-09 | [November WASDE has bullish surprises for soybeans, corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/50092-november-wasde-has-bullish-surprises-for-soybeans-corn-agweek-1-source-for.md) | +1.5% | +1.1% |

## Sources

- agweek.com: https://www.agweek.com/business/markets/u-s-cuts-soy-supply-outlook-raises-corn-wheat-stocks-view-in-june-wasde

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