# WASDE update: Further tightening for corn expected | articles | ING THINK

> The August WASDE cut US corn ending stocks for 2022/23 to 1.39bn bushels, below the prior estimate and near market expectations. Lower US and EU production, partly offset by higher Ukrainian output, lowered global ending stocks to 306.7mt. The report was neutral to slightly bearish for soybeans on a record US crop forecast.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/6533-wasde-update-further-tightening-for-corn-expected-articles-ing-think
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tighter US corn stocks and lower EU supply support corn prices and raise feed costs. The record soybean crop expectation caps soybean price gains.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-12 | [WASDE update: Tightening corn balance \| articles \| ING THINK](https://feedsoft.ai/events/47548-wasde-update-tightening-corn-balance-articles-ing-think.md) | +0.9% | +25.0% |
| CORN | 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) | +1.7% | -4.3% |
| CORN | 2024-07-15 | [WASDE update: Better supply prospects for wheat and corn \| articles \| ING THINK](https://feedsoft.ai/events/29205-wasde-update-better-supply-prospects-for-wheat-and-corn-articles-ing-think.md) | -1.5% | -2.1% |
| CORN | 2023-01-13 | [WASDE update: Tighter US grain balances \| articles \| ING THINK](https://feedsoft.ai/events/37729-wasde-update-tighter-us-grain-balances-articles-ing-think.md) | +0.4% | +0.2% |
| CORN | 2021-08-13 | [WASDE update: Wheat market continues to tighten \| articles \| ING THINK](https://feedsoft.ai/events/45502-wasde-update-wheat-market-continues-to-tighten-articles-ing-think.md) | -1.7% | -9.0% |
| SOY | 2021-04-12 | [WASDE update: Tightening corn balance \| articles \| ING THINK](https://feedsoft.ai/events/47548-wasde-update-tightening-corn-balance-articles-ing-think.md) | +2.2% | +15.5% |
| SOY | 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) | +1.5% | -1.1% |
| SOY | 2024-05-13 | [WASDE update: Supportive grain estimates for 2024/25 \| articles \| ING THINK](https://feedsoft.ai/events/30214-wasde-update-supportive-grain-estimates-for-2024-25-articles-ing-think.md) | +1.9% | -1.4% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-further-tightening-for-corn-expected/

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