# Commodity markets take USDA’s WASDE in stride | An official publication of Michigan Farm Bureau

> USDA's January WASDE raised US soybean production by 10 million bushels to 4.44 billion and lifted the 2021/22 season-average soybean price forecast by 50 cents to $12.60 per bushel. US corn production was raised 53 million bushels, while wheat closed lower on the day.

- Date: 2022-01-12 · published 2022-01-12T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A higher soybean price forecast reflects tighter global stocks from South American shortfalls, which supports soybean and meal values for feed buyers.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-02-09 | [Markets take USDA WASDE report in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/48591-markets-take-usda-wasde-report-in-stride-an-official-publication-of-michigan.md) | -0.2% | +3.9% |
| SOY | 2021-01-12 | [Grain markets respond quickly on friendly WASDE report \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/49091-grain-markets-respond-quickly-on-friendly-wasde-report-an-official-publication.md) | +0.8% | +2.0% |
| SOY | 2025-04-10 | [WASDE ending stocks estimates positive for corn and soybeans \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25068-wasde-ending-stocks-estimates-positive-for-corn-and-soybeans-an-official.md) | +2.6% | +2.4% |
| SOY | 2020-10-09 | [USDA Grain Stocks and WASDE Shock Markets \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/50594-usda-grain-stocks-and-wasde-shock-markets-farm-bureau-intel-markets-american.md) | +1.2% | +4.9% |
| SOY | 2023-01-12 | [Turner's Take Ag Markets \| Jan WASDE Bullish](https://feedsoft.ai/events/37733-turner-s-take-ag-markets-jan-wasde-bullish.md) | -0.0% | +0.3% |
| CORN | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -13.6% | -16.3% |
| CORN | 2025-11-14 | [USDA's WASDE turns markets bearish despite yield cuts \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/21891-usda-s-wasde-turns-markets-bearish-despite-yield-cuts-an-official-publication.md) | -0.8% | -0.3% |
| CORN | 2025-02-11 | [Markets turn red following USDA’s February WASDE surprises \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25990-markets-turn-red-following-usda-s-february-wasde-surprises-an-official.md) | +1.4% | -5.7% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/commodity-markets-take-usda-s-wasde-in-stride

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