# Losses deepen after USDA raises supply outlook, trims some demand | Financial Post

> U.S. grain and soybean futures extended losses after a USDA monthly report raised domestic corn production and supply forecasts while trimming corn demand and the soybean harvest estimate. Chicago December corn fell 45 cents to $5.84 per bushel and November soybeans dropped 58-3/4 cents. Losses were compounded by lower energy prices and a stronger U.S. dollar.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6832-losses-deepen-after-usda-raises-supply-outlook-trims-some-demand-financial-post
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher U.S. corn supplies and lower demand expectations add to bearish pressure on feed grain prices, which lowers feed input costs for buyers. The smaller soybean crop estimate partly offsets this for soy-based feeds.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-07-15 | 5 | -8.9% | -3.0 | The July 12 USDA report raised corn supply and cut demand forecasts, and Dec corn fell 45 cents, with lower energy prices and a stronger dollar adding to the drop. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-09 | [USDA raises corn, soy, wheat supply outlook - Country Guide](https://feedsoft.ai/events/53601-usda-raises-corn-soy-wheat-supply-outlook-country-guide.md) | -5.5% | -6.4% |
| CORN | 2022-06-30 | [Soybeans rebound after USDA pegs U.S. acres below expectations \| Financial Post](https://feedsoft.ai/events/40972-soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations-financial-post.md) | +1.0% | -16.7% |
| CORN | 2018-12-12 | [USDA Release Latest Supply and Demand Estimates -](https://feedsoft.ai/events/61687-usda-release-latest-supply-and-demand-estimates.md) | +1.1% | +1.4% |
| CORN | 2021-02-08 | [Corn Declines After U.S. Cuts Supply Outlook Less Than Forecast - Bloomberg](https://feedsoft.ai/events/48654-corn-declines-after-u-s-cuts-supply-outlook-less-than-forecast-bloomberg.md) | -2.3% | -2.3% |
| CORN | 2019-10-10 | [Corn futures fall after higher U.S. yield estimate surprises traders \| Financial Post](https://feedsoft.ai/events/56587-corn-futures-fall-after-higher-u-s-yield-estimate-surprises-traders-financial.md) | +0.1% | -1.3% |
| SOY | 2020-04-09 | [USDA raises corn, soy, wheat supply outlook - Country Guide](https://feedsoft.ai/events/53601-usda-raises-corn-soy-wheat-supply-outlook-country-guide.md) | -2.1% | -1.5% |
| SOY | 2025-10-23 | [Analyst insight: First look at 2025/26 UK supply and demand \| AHDB](https://feedsoft.ai/events/22470-analyst-insight-first-look-at-2025-26-uk-supply-and-demand-ahdb.md) | +4.4% | +9.8% |
| SOY | 2020-05-14 | [Wheat dips to near 2-month low on abundant global supplies \| Financial Post](https://feedsoft.ai/events/12705-wheat-dips-to-near-2-month-low-on-abundant-global-supplies-financial-post.md) | +1.3% | +3.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/losses-deepen-after-usda-raises-supply-outlook-trims-some-demand

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