# WASDE prompts rally despite cuts mostly below expectations - Grain Central

> USDA's February WASDE projected global wheat stocks at a five-year low, with lower supplies and higher consumption for 2021-22. Cuts to South American crop estimates were smaller than expected, and markets closed higher overnight.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/42752-wasde-prompts-rally-despite-cuts-mostly-below-expectations-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tight global wheat stocks and smaller-than-expected South American cuts keep wheat and feed grain prices supported, though the report was seen as mildly bearish overall.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-09-18 | [Farm production value remains stable despite drought: ABARES - Grain Central](https://feedsoft.ai/events/62989-farm-production-value-remains-stable-despite-drought-abares-grain-central.md) | +1.0% | +8.7% |
| WHEAT | 2025-07-30 | [PIRSA cuts SA production estimate to 7.59Mt - Grain Central](https://feedsoft.ai/events/23724-pirsa-cuts-sa-production-estimate-to-7-59mt-grain-central.md) | -0.7% | -0.1% |
| WHEAT | 2020-04-14 | [COVID-19 lifts prices despite big wheat stocks: USDA - Grain Central](https://feedsoft.ai/events/53684-covid-19-lifts-prices-despite-big-wheat-stocks-usda-grain-central.md) | -2.1% | -2.2% |
| WHEAT | 2021-02-10 | [WASDE bearish for corn, mildly bullish for wheat - Grain Central](https://feedsoft.ai/events/48592-wasde-bearish-for-corn-mildly-bullish-for-wheat-grain-central.md) | +9.2% | +9.3% |
| WHEAT | 2022-12-09 | [Key data in USDA's December 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38184-key-data-in-usda-s-december-9-wasde-report-and-difference-from-market.md) | +10.3% | +8.2% |
| 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 | 2024-05-12 | [Key data in USDA's May 10 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/30218-key-data-in-usda-s-may-10-wasde-report-and-difference-from-market-expectations.md) | +1.9% | -1.4% |
| SOY | 2023-04-11 | [Key data in USDA's April 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/36341-key-data-in-usda-s-april-11-wasde-report-and-difference-from-market.md) | +2.0% | -1.2% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wasde-prompts-rally-despite-cuts-mostly-below-expectations/

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