# USDA projects larger than expected U.S. winter wheat crop, unexpectedly boosts 2022-23 corn ending stocks - Pro Farmer

> USDA raised its 2022-23 U.S. winter wheat crop estimate to 1.182 billion bushels, above analyst expectations. It also lifted new-crop corn ending stocks to 1.400 billion bushels, while soybean carryover came in below trade estimates.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40894-usda-projects-larger-than-expected-u-s-winter-wheat-crop-unexpectedly-boosts
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A bigger wheat crop and higher corn carryover point to looser supplies and softer feed grain prices. Lower soybean stocks support soybean meal values.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-08 | [PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/41798-pf-report-reaction-u-s-corn-wheat-ending-stocks-higher-than-expected-pro-farmer.md) | -2.0% | +4.8% |
| WHEAT | 2023-04-11 | [PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer](https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged.md) | +8.8% | -0.9% |
| WHEAT | 2025-05-12 | [USDA Reduces Old Crop Corn Ending Stocks, Pegs New Crop Lower Than Expected](https://feedsoft.ai/events/24606-usda-reduces-old-crop-corn-ending-stocks-pegs-new-crop-lower-than-expected.md) | -0.1% | -2.0% |
| WHEAT | 2024-09-30 | [USDA Report Snapshot: Corn, soybean stocks lighter than expected - Pro Farmer](https://feedsoft.ai/events/28254-usda-report-snapshot-corn-soybean-stocks-lighter-than-expected-pro-farmer.md) | +0.6% | -6.3% |
| WHEAT | 2025-03-11 | [USDA Increases U.S. Wheat Ending Stocks More Than Expected](https://feedsoft.ai/events/25511-usda-increases-u-s-wheat-ending-stocks-more-than-expected.md) | +5.7% | +1.9% |
| KWHEAT | 2025-09-18 | [US wheat futures slip after USDA boosts global ending stocks](https://feedsoft.ai/events/22928-us-wheat-futures-slip-after-usda-boosts-global-ending-stocks.md) | -1.8% | -5.4% |
| KWHEAT | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +2.0% | +6.1% |
| KWHEAT | 2023-01-12 | [Corn and soybean production down in 2022, USDA reports
Corn stocks down, soybean stocks down from year earlier
Winter Wheat Seedings up for 2023](https://feedsoft.ai/events/13303-corn-and-soybean-production-down-in-2022-usda-reports-corn-stocks-down-soybean.md) | +1.2% | +6.9% |

## Sources

- profarmer.com: https://www.profarmer.com/news/report-reactions/usda-projects-larger-expected-u-s-winter-wheat-crop-unexpectedly-boosts-2022-23-corn-ending-stocks

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