# WASDE update: Poor South American weather weighs on supply prospects | articles | ING THINK

> USDA cut global soybean production by about 9.2Mt and inventories by 6.8Mt on dry South American weather, both beyond market expectations. US corn production was raised about 53m bushels, and US ending stocks were 47m bushels above what the market expected. Global wheat supplies were little changed.

- Date: 2022-01-13 · published 2022-01-13T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43105-wasde-update-poor-south-american-weather-weighs-on-supply-prospects-articles
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Larger-than-expected South American soybean cuts tighten global supply and support soybean prices, while higher US corn stocks pressure corn values.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | -7.3% | -3.6% |
| WHEAT | 2024-02-08 | [USDA Trims South American Production, Raises U.S. Ending Stocks](https://feedsoft.ai/events/31630-usda-trims-south-american-production-raises-u-s-ending-stocks.md) | -4.2% | -1.8% |
| WHEAT | 2019-02-01 | [Farming News - Weekly update on the markets - Brexit & weather dominate](https://feedsoft.ai/events/60902-farming-news-weekly-update-on-the-markets-brexit-and-weather-dominate.md) | -1.2% | -6.2% |
| WHEAT | 2023-01-13 | [USDA's WASDE trims South American corn crops - Grain Central](https://feedsoft.ai/events/37741-usda-s-wasde-trims-south-american-corn-crops-grain-central.md) | -0.9% | +1.8% |
| WHEAT | 2025-09-29 | [Record Corn Crop Weighs on Prices Thru Harvest - ADM Investor Services](https://feedsoft.ai/events/22895-record-corn-crop-weighs-on-prices-thru-harvest-adm-investor-services.md) | -0.6% | +1.8% |
| CORN | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +0.8% | -4.7% |
| CORN | 2023-11-10 | [WASDE update: Bearish release weighs on grains \| articles \| ING THINK](https://feedsoft.ai/events/33114-wasde-update-bearish-release-weighs-on-grains-articles-ing-think.md) | +0.0% | -0.3% |
| CORN | 2022-07-13 | [WASDE update: Release provides little support to markets \| articles \| ING THINK](https://feedsoft.ai/events/40430-wasde-update-release-provides-little-support-to-markets-articles-ing-think.md) | -11.6% | -12.4% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-poor-south-american-weather-weighs-on-supply-prospects/
- bloomberglinea.com: https://www.bloomberglinea.com/2022/01/13/soy-gains-with-brazil-crop-cut-wheat-falls-on-swelling-supply/

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