# PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer

> Projected US 2021-22 ending stocks for corn, soybeans, wheat and cotton all came in above average pre-report estimates. USDA kept corn carryover at 1.540 billion bushels and cut soybean carryover by 25 million bushels to 325 million. Wheat carryover rose to 648 million bushels, and cotton to 3.5 million bales.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Corn and soybean stocks higher than traders expected reduce the tightness priced into futures, which is bearish for those markets. Higher wheat stocks add to bearish pressure on wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | -0.7% | -6.4% |
| CORN | 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) | +0.4% | +0.2% |
| CORN | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.8% | +1.0% |
| CORN | 2023-03-08 | [Report snapshot: higher U.S. and global corn ending stocks - Pro Farmer](https://feedsoft.ai/events/36816-report-snapshot-higher-u-s-and-global-corn-ending-stocks-pro-farmer.md) | -1.6% | -0.6% |
| CORN | 2026-06-11 | [Report Reaction \| Corn, wheat see higher global ending stocks despite production concerns - Pro Farmer](https://feedsoft.ai/events/18733-report-reaction-corn-wheat-see-higher-global-ending-stocks-despite-production.md) | +0.4% | -0.5% |
| SOY | 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) | +2.0% | -1.2% |
| SOY | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.7% | +5.6% |
| SOY | 2024-03-08 | [PF Report Reaction: USDA cuts global ending stocks for corn, soybeans, wheat and cotton - Pro Farmer](https://feedsoft.ai/events/31133-pf-report-reaction-usda-cuts-global-ending-stocks-for-corn-soybeans-wheat-and.md) | +2.1% | +2.4% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-u-s-ending-stocks-higher-expected

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