# USDA forecast larger wheat stocks despite war, but warns of uncertainty | 2022-03-09 | Agri-Pulse Communications, Inc.

> USDA raised its global wheat production forecast mainly on higher Australian output, and raised global wheat ending stocks by 3.3 million tonnes. USDA cut corn ending stocks but raised U.S. corn exports by 75 million bushels to 2.5 billion, citing sharply lower Ukrainian exports. The agency warned that the Russian invasion had significantly increased uncertainty in supply and demand.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42242-usda-forecast-larger-wheat-stocks-despite-war-but-warns-of-uncertainty-2022-03
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher wheat stocks from Australia and India partly offset lost Russian and Ukrainian exports, which is bearish for wheat. Increased U.S. corn exports tighten the domestic balance, which is supportive for corn.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -3.2% | +9.0% |
| WHEAT | 2021-12-09 | [USDA maintains corn, soybean stocks estimates, gives bearish wheat figures in December WASDE \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/43523-usda-maintains-corn-soybean-stocks-estimates-gives-bearish-wheat-figures-in.md) | -6.6% | -3.3% |
| WHEAT | 2018-03-29 | [Farmers plan to cut corn, soybean acreage, USDA says \| 2018-03-29 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/66030-farmers-plan-to-cut-corn-soybean-acreage-usda-says-2018-03-29-agri-pulse-agri.md) | +1.5% | +4.9% |
| WHEAT | 2025-12-19 | [USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand](https://feedsoft.ai/events/21549-usda-lifts-2025-26-global-wheat-stocks-forecast-as-higher-output-offsets-record.md) | +0.9% | +0.4% |
| WHEAT | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |
| CORN | 2022-05-12 | [USDA warns on corn, winter wheat crops due to weather \| 2022-05-12 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/13363-usda-warns-on-corn-winter-wheat-crops-due-to-weather-2022-05-12-agri-pulse.md) | -0.3% | -0.9% |
| CORN | 2023-12-08 | [USDA trims forecast for soybean, wheat supplies \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/32633-usda-trims-forecast-for-soybean-wheat-supplies-agri-pulse-communications-inc.md) | -2.7% | -0.3% |
| CORN | 2020-07-10 | [USDA holds corn and soybean yields steady in latest WASDE \| 2020-07-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52074-usda-holds-corn-and-soybean-yields-steady-in-latest-wasde-2020-07-10-agri-pulse.md) | -4.9% | -7.5% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/17341-usda-forecast-larger-wheat-stocks-despite-war-but-warns-of-uncertainty

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