# PF Report Reaction: USDA delivers a yawner, as expected - Pro Farmer

> Pro Farmer's reaction to the December USDA reports noted corn futures slipped 2 to 3 cents, soybeans fell 6 to 8 cents and wheat dropped 15 to 20-plus cents after the release. USDA raised its cotton crop estimate by 86,000 bales, while corn, soybean and wheat carryout figures were unchanged except for wheat, which rose to 598 million bushels.

- Date: 2021-12-09 · published 2021-12-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/43526-pf-report-reaction-usda-delivers-a-yawner-as-expected-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Unchanged corn and soybean carryouts give feed buyers little reason to expect a price move, while the higher wheat carryout reinforces softer wheat values.

## Read by commodity

- CSM: neutral
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | +0.4% | +18.0% |
| WHEAT | 2023-04-11 | [PF Report Reaction: USDA unexpectedly keeps corn, soybean ending stocks unchanged - Pro Farmer](https://feedsoft.ai/events/36343-pf-report-reaction-usda-unexpectedly-keeps-corn-soybean-ending-stocks-unchanged.md) | +8.8% | -0.9% |
| WHEAT | 2025-09-30 | [Report Reaction \| Corn stocks top expectations - Pro Farmer](https://feedsoft.ai/events/9843-report-reaction-corn-stocks-top-expectations-pro-farmer.md) | +0.4% | +5.9% |
| WHEAT | 2022-04-08 | [PF Report Reaction: U.S. corn, wheat ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/41798-pf-report-reaction-u-s-corn-wheat-ending-stocks-higher-than-expected-pro-farmer.md) | -2.0% | +4.8% |
| WHEAT | 2024-04-11 | [PF Report Reaction: USDA's report data fails to provide bullish spark - Pro Farmer](https://feedsoft.ai/events/30676-pf-report-reaction-usda-s-report-data-fails-to-provide-bullish-spark-pro-farmer.md) | -0.9% | -0.5% |
| CORN | 2022-02-09 | [PF Report Reaction: U.S. ending stocks higher than expected - Pro Farmer](https://feedsoft.ai/events/42675-pf-report-reaction-u-s-ending-stocks-higher-than-expected-pro-farmer.md) | +0.5% | +15.2% |
| CORN | 2023-06-30 | [PF Report Reaction: Acreage shocker from USDA - Pro Farmer](https://feedsoft.ai/events/35512-pf-report-reaction-acreage-shocker-from-usda-pro-farmer.md) | -2.3% | +1.5% |
| CORN | 2026-10-09 | [Report Reactions - Pro Farmer](https://feedsoft.ai/events/17068-report-reactions-pro-farmer.md) | -0.2% | -3.3% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-usda-delivers-yawner-expected

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