# Wheat Drops With U.S. Forecasting Bigger Global Reserves 13.01.2022 - UkrAgroConsult

> Wheat futures fell after a USDA report raised global wheat stocks to 279.95 million tons, above expectations. Brazil's soybean output was cut to 139 million tons from 144 million, below the 141.6 million analysts expected. US corn was also seen with bigger-than-expected domestic production and stocks.

- Date: 2022-01-13 · published 2022-01-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43104-wheat-drops-with-u-s-forecasting-bigger-global-reserves-13-01-2022
- 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

Brazilian soybean shortfall in dry weather could lift world bean demand for US supplies and support prices, while bigger wheat and corn stocks add bearish pressure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-16 | [Soybeans drop 2% on U.S. crop forecast, weather; corn, wheat down 16.08.2022 - UkrAgroConsult](https://feedsoft.ai/events/6532-soybeans-drop-2-on-u-s-crop-forecast-weather-corn-wheat-down-16-08-2022.md) | -10.5% | -11.0% |
| WHEAT | 2022-01-28 | [EU cuts 2021/22 wheat crop forecast, keeps export outlook 28.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43077-eu-cuts-2021-22-wheat-crop-forecast-keeps-export-outlook-28-01-2022.md) | -1.8% | +2.3% |
| WHEAT | 2021-06-11 | [Strategie Grains raises EU 2021/22 wheat crop, export forecasts - UkrAgroConsult](https://feedsoft.ai/events/46522-strategie-grains-raises-eu-2021-22-wheat-crop-export-forecasts-ukragroconsult.md) | +5.0% | -5.4% |
| WHEAT | 2021-11-30 | [ABARES lifts forecasts for wheat, barley, canola 30.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/44016-abares-lifts-forecasts-for-wheat-barley-canola-30-11-2021-ukragroconsult.md) | -1.0% | -3.4% |
| WHEAT | 2022-03-02 | [ABARES lifts forecasts for all major crops 02.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42225-abares-lifts-forecasts-for-all-major-crops-02-03-2022-ukragroconsult.md) | +6.9% | +20.3% |
| SOY | 2022-06-29 | [2022 U.S. Corn Rating Declines 3%, Soybeans Decline 3% 29.06.2022 - UkrAgroConsult](https://feedsoft.ai/events/13354-2022-u-s-corn-rating-declines-3-soybeans-decline-3-29-06-2022-ukragroconsult.md) | -5.0% | -5.1% |
| SOY | 2021-11-10 | [USDA maintains forecast for soybean oil use in biofuel 10.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/15437-usda-maintains-forecast-for-soybean-oil-use-in-biofuel-10-11-2021-ukragroconsult.md) | +4.3% | +5.1% |
| SOY | 2022-04-20 | [US soybean crush hit a record high for March: NOPA 20.04.2022 - UkrAgroConsult](https://feedsoft.ai/events/41923-us-soybean-crush-hit-a-record-high-for-march-nopa-20-04-2022-ukragroconsult.md) | -0.7% | -2.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/wheat-drops-with-u-s-forecasting-bigger-global-reserves/

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