# Soybeans rebound after USDA pegs U.S. acres below expectations | Financial Post

> CBOT soybean futures rebounded on June 30 after USDA said US farmers planted fewer soybean acres than expected. Corn and wheat fell to multi-month lows as quarterly stocks were in line with expectations and plantings exceeded estimates.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/40972-soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soybean acreage supports soybean and meal prices, while larger corn and wheat plantings pressure feed grain prices lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-10-12 | [Soybeans rally after USDA cuts U.S. harvest outlook \| Financial Post](https://feedsoft.ai/events/39163-soybeans-rally-after-usda-cuts-u-s-harvest-outlook-financial-post.md) | -0.3% | +4.9% |
| SOY | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +2.0% | +5.3% |
| SOY | 2026-05-12 | [Report Reaction \| Wheat futures surge after USDA pegs production well below trade expectations - Pro Farmer](https://feedsoft.ai/events/10791-report-reaction-wheat-futures-surge-after-usda-pegs-production-well-below-trade.md) | +1.1% | -7.2% |
| SOY | 2020-06-30 | [Corn, soy climb on smaller-than-expected USDA acreage view \| Financial Post](https://feedsoft.ai/events/52675-corn-soy-climb-on-smaller-than-expected-usda-acreage-view-financial-post.md) | +3.3% | +3.5% |
| SOY | 2022-10-05 | [Pro Farmer Crop Estimates Far Below USDA Expectations - AgWeb](https://feedsoft.ai/events/13325-pro-farmer-crop-estimates-far-below-usda-expectations-agweb.md) | -0.5% | +3.8% |
| CORN | 2022-07-12 | [Losses deepen after USDA raises supply outlook, trims some demand \| Financial Post](https://feedsoft.ai/events/6832-losses-deepen-after-usda-raises-supply-outlook-trims-some-demand-financial-post.md) | -13.6% | -16.3% |
| CORN | 2018-08-10 | [Soybeans, Grains Plunge After USDA Raises Production Forecasts](https://feedsoft.ai/events/63478-soybeans-grains-plunge-after-usda-raises-production-forecasts.md) | -7.5% | -9.1% |
| CORN | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -6.0% | -8.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations

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