# USDA sees bigger soy production, exports and crush for 2022-23 | 2022-02-24 | Agri-Pulse Communications, Inc.

> USDA's Outlook Forum raised its fiscal 2022 US agricultural export forecast to a record $183.5 billion and projected 92 million acres of corn, 88 million of soybeans and 48 million of wheat for 2022. Prices were forecast at $5.00 per bushel for corn, $12.75 for soybeans and $6.80 for wheat, all lower than the prior year, while the department acknowledged uncertainty from Russia's invasion of Ukraine.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/42780-usda-sees-bigger-soy-production-exports-and-crush-for-2022-23-2022-02-24-agri
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The projected larger soybean crush and exports point to firm soymeal demand, while lower projected 2022 prices signal the market expects more supply than the 2021 crop year.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-11 | [June USDA report on par with trade expectations \| 2020-06-11  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52553-june-usda-report-on-par-with-trade-expectations-2020-06-11-agri-pulse.md) | +1.0% | +5.3% |
| CORN | 2024-02-14 | [Ethanol plants saw strong profits in 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/31665-ethanol-plants-saw-strong-profits-in-2023-agri-pulse-communications-inc.md) | +0.5% | +3.9% |
| CORN | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -10.3% | -1.3% |
| CORN | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | +0.0% | -0.3% |
| CORN | 2019-08-30 | [Trade mitigation payments boost farm income \| 2019-08-30  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/57599-trade-mitigation-payments-boost-farm-income-2019-08-30-agri-pulse.md) | -2.4% | +1.4% |
| SOY | 2020-02-20 | [USDA: Mixed 2020 farm outlook on small export increase, record production \| 2020-02-20  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54621-usda-mixed-2020-farm-outlook-on-small-export-increase-record-production-2020-02.md) | -1.8% | -8.0% |
| SOY | 2019-08-12 | [USDA trims corn, soybean acres off June estimates \| 2019-08-12 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/11741-usda-trims-corn-soybean-acres-off-june-estimates-2019-08-12-agri-pulse-agri.md) | -0.7% | -3.3% |
| SOY | 2022-12-09 | [USDA’s WASDE leaves most grain and oilseed estimates unchanged \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38185-usda-s-wasde-leaves-most-grain-and-oilseed-estimates-unchanged-agri-pulse.md) | -0.9% | +1.2% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/17258-usda-sees-bigger-soy-production-exports-and-crush-for-2022-23

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