# USDA's July Report Now Shows Drought Could Trigger Third Largest Loss of Acres in a Major U.S. Crop - AgWeb

> USDA's July WASDE report showed higher U.S. corn supplies and ending stocks with unchanged corn yields, and lower domestic soybean production with unchanged yields. Third-highest cotton abandonment on record reflected drought damage in the U.S. South and Plains. Prices still fell double digits, with September corn down 34 cents and August soybeans down 50 cents.

- Date: 2022-07-13 · published 2022-07-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/6834-usda-s-july-report-now-shows-drought-could-trigger-third-largest-loss-of-acres
- Commodities: [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

Higher corn supplies point to cheaper feed corn, while the smaller soybean crop supports soybean meal prices if drought persists. Markets are watching hot, dry weather forecasts for further yield risk.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2022-07-15 | 5 | -8.9% | -3.0 | Higher corn supplies and ending stocks in the WASDE pushed September corn down 34 cents. |
| CORN | 2022-07-14 | 1 | -8.1% | -4.5 | Higher US corn supplies and ending stocks in the WASDE pushed September corn down 34 cents. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-03-31 | [Corn Acres Top 95 Million, But There’s a Silver Lining in USDA’s March Acreage Report](https://feedsoft.ai/events/25597-corn-acres-top-95-million-but-there-s-a-silver-lining-in-usda-s-march-acreage.md) | +0.4% | +4.2% |
| CORN | 2016-07-18 | [Taking a look at the role of USDA reports in the market  – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/4944-taking-a-look-at-the-role-of-usda-reports-in-the-market-ohio-ag-net-ohio-s.md) | +5.9% | +1.7% |
| CORN | 2018-10-01 | [Major Changes in Export Flows Over the Last Decade Show the U.S. Is Losing Market Share in Global Grain Trade \| Economic Research Service](https://feedsoft.ai/events/62393-major-changes-in-export-flows-over-the-last-decade-show-the-u-s-is-losing.md) | +1.2% | +0.7% |
| CORN | 2025-08-12 | [USDA Predicts Record Corn Crop in Latest WASDE Report - Northern Ag Network](https://feedsoft.ai/events/23281-usda-predicts-record-corn-crop-in-latest-wasde-report-northern-ag-network.md) | +0.0% | +4.3% |
| CORN | 2023-07-12 | [Here's What You Need to Know About USDA's July WASDE Report - AgWeb](https://feedsoft.ai/events/34980-here-s-what-you-need-to-know-about-usda-s-july-wasde-report-agweb.md) | -5.7% | -8.7% |
| SOY | 2022-05-29 | [Texas A&M Report Shows Impact of Higher Crop and Input Prices for 2022 - Cotton Grower](https://feedsoft.ai/events/41537-texas-a-and-m-report-shows-impact-of-higher-crop-and-input-prices-for-2022.md) | -1.9% | -4.0% |
| SOY | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -1.7% | -0.5% |
| SOY | 2025-08-12 | [USDA Ups 2025 Corn Production More Than Expected in Latest Crop Production Report](https://feedsoft.ai/events/23262-usda-ups-2025-corn-production-more-than-expected-in-latest-crop-production.md) | +3.2% | +2.2% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/usdas-july-report-now-shows-drought-could-trigger-third-largest-loss-acres-major-u-s-crop

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