# U.S. corn, soy futures seek direction beyond pivotal government data  | Reuters

> Analysts expect USDA's June 1 corn stocks to total 4.343 billion bushels, up about 6% from last year but the lowest June 1 figure since 2014. Traders are awaiting the pivotal USDA quarterly stocks and acreage reports for direction.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40951-u-s-corn-soy-futures-seek-direction-beyond-pivotal-government-data-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stocks near a multi-year low imply average third-quarter demand, so the report's surprise relative to these expectations will drive near-term corn and soy price direction.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-29 | [Reuters Column: Will USDA's stocks data break bullish corn and soy streak? - CTRM Center](https://feedsoft.ai/events/45121-reuters-column-will-usda-s-stocks-data-break-bullish-corn-and-soy-streak-ctrm.md) | -2.1% | -3.1% |
| SOY | 2025-09-16 | [Corn futures rally despite bearish WASDE report](https://feedsoft.ai/events/6852-corn-futures-rally-despite-bearish-wasde-report.md) | -3.0% | -3.4% |
| SOY | 2019-01-12 | [Government shutdown poses threat of agricultural data shock - MarketWatch](https://feedsoft.ai/events/61057-government-shutdown-poses-threat-of-agricultural-data-shock-marketwatch.md) | +1.9% | +0.6% |
| SOY | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -4.9% |
| SOY | 2022-05-12 | [Corn, Soybean Production Numbers as Expected in May USDA Report](https://feedsoft.ai/events/41348-corn-soybean-production-numbers-as-expected-in-may-usda-report.md) | +0.8% | +7.2% |
| CORN | 2021-09-29 | [Reuters Column: Will USDA's stocks data break bullish corn and soy streak? - CTRM Center](https://feedsoft.ai/events/45121-reuters-column-will-usda-s-stocks-data-break-bullish-corn-and-soy-streak-ctrm.md) | +1.6% | +2.0% |
| CORN | 2016-11-16 | [Soybeans up for 2nd day on strong demand, U.S. crush data \| Reuters](https://feedsoft.ai/events/73886-soybeans-up-for-2nd-day-on-strong-demand-u-s-crush-data-reuters.md) | +2.5% | +3.3% |
| CORN | 2021-12-29 | [USDA’s Corn Output Projections Inform Futures Price Movements \| Economic Research Service](https://feedsoft.ai/events/43620-usda-s-corn-output-projections-inform-futures-price-movements-economic-research.md) | +2.9% | +3.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-corn-soy-futures-seek-direction-beyond-pivotal-government-data-2022-06-30/

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