# Corn, wheat fall after USDA numbers - Brownfield Ag News

> Brownfield reports corn and wheat fell after USDA numbers showed more acres planted than expected, with about 16 million acres unplanted and quarterly stocks higher year on year. Old-crop soybean export sales were a marketing-year low, China bought no new-crop soybeans officially, and Brazil's second-crop corn estimate was raised to 116.1 million tons.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/40957-corn-wheat-fall-after-usda-numbers-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Larger US stocks and acreage plus a bigger Brazilian corn crop weigh on corn and wheat feed prices, while weak soybean export demand limits soy meal support.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +0.4% | +0.2% |
| CORN | 2018-09-12 | [Corn, wheat down following USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/62984-corn-wheat-down-following-usda-numbers-brownfield-ag-news.md) | -2.5% | -0.1% |
| CORN | 2017-07-12 | [USDA numbers push corn, wheat sharply lower - Brownfield Ag News](https://feedsoft.ai/events/6474-usda-numbers-push-corn-wheat-sharply-lower-brownfield-ag-news.md) | -4.1% | -5.2% |
| CORN | 2021-09-30 | [Soybeans down, corn mixed after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/45109-soybeans-down-corn-mixed-after-usda-numbers-brownfield-ag-news.md) | +0.3% | +2.8% |
| CORN | 2019-05-10 | [Wheat down on higher USDA crop projection - Brownfield Ag News](https://feedsoft.ai/events/5742-wheat-down-on-higher-usda-crop-projection-brownfield-ag-news.md) | +5.8% | +12.3% |
| WHEAT | 2023-04-11 | [Soybeans up, corn, wheat down after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/36347-soybeans-up-corn-wheat-down-after-usda-numbers-brownfield-ag-news.md) | +8.8% | -0.9% |
| WHEAT | 2018-09-12 | [Corn, wheat down following USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/62984-corn-wheat-down-following-usda-numbers-brownfield-ag-news.md) | -6.9% | -6.6% |
| WHEAT | 2017-07-12 | [USDA numbers push corn, wheat sharply lower - Brownfield Ag News](https://feedsoft.ai/events/6474-usda-numbers-push-corn-wheat-sharply-lower-brownfield-ag-news.md) | -2.2% | -2.1% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/corn-wheat-fall-after-usda-numbers/

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