Latest News From Report Reactions

Corn planting intentions and March 1 stocks came in lower than expected.

Domestic ending stocks were unchanged for corn and soybeans, higher for wheat and lower for cotton.

USDA unexpectedly increased corn ending stock and raised soybean carryover more than anticipated.

Most of the data was bearish compared to pre-report expectations.

USDA cut corn, wheat and cotton ending stocks, while leaving soybean carryover unchanged.

USDA raised its corn, soybean and cotton crop estimates, pushing up projected ending stocks. Wheat ending stocks also increased.

USDA cut its corn, soybean and cotton crop estimates more than anticipated, which resulted in lower-than-expected 2023-24 ending stocks.

Soybean stocks and wheat production came in higher than expected. Sept. 1 corn stocks were lower than anticipated.

Markets had a muted response to the data aside from a big jump in cotton.

USDA's new-crop ending stocks forecasts for soybeans and wheat came in much higher than expected. The wheat crop estimate was also bigger than anticipated.

Corn plantings greatly topped expectations, while soybean acres fell well shy of the pre-report estimate.

Given the mostly neutral data, focus will now be on weather and USDA's Acreage and Quarterly Grain Stocks Reports at the end of the month.

Winter wheat production and new-crop wheat ending stocks both came in well shy of pre-report expectations.

Traders expected USDA to cut its corn and soybean ending stocks forecasts after March 1 stocks came in lower than anticipated.

USDA made limited revisions to its balance sheets this month, as expected.

The data failed to move markets much from where they were trading ahead of USDA's reports.

Dec. 1 stocks, final 2022 production estimates and ending stocks lower than expected for corn and soybeans.

USDA made no changes to the soybean or wheat balance sheets this month.

Wheat futures had the sharpest price reaction to the data. Soybeans initially traded lower but quickly bounced back.

USDA's 2022-23 ending stocks forecasts came in higher than expected for corn and wheat, while projected carryover was lower than traders anticipated.

Sept. 1 corn stocks came in 135 million bu. below the average pre-report trade estimate. The wheat production estimate was 128 million bu. lower than traders anticipated.

USDA cut its soybean crop estimate by 153 bu. from last month, whereas traders expected a 35-million-bu. reduction.

The initial corn crop estimate came in slightly lower than anticipated.

USDA makes unexpected boost to U.S. soybean crop estimate, lowers corn crop more than expected.

USDA's corn, soybean and wheat ending stocks forecasts topped pre-report expectations, as did the U.S. all-wheat crop estimate.

Corn acres slightly higher than trade expectations.

Estimated corn plantings raised more than expected to 89.92 million ac., all wheat acres also above expectations.

Pigs kept for breeding down slightly less than analysts expected.

June 1 inventories up 1.2% from year-earlier, lower than projected.

U.S. soybean stockpiles seen lower than expected at end of 2022-23.

Wheat futures rocketed higher on the bullish report data.

USDA also expects a drop in 2022-23 global wheat production and supplies.

USDA left U.S. old-crop corn ending stocks unchanged, whereas traders expected a cut. Global corn ending stocks also unexpectedly increased.

USDA unexpectedly estimates farmers intend to plant more acres to soybeans than corn in 2022. March 1 stocks were slightly lower than expected, while soybean stocks came in higher than anticipated.

USDA reflected no expected increase in U.S. wheat exports, despite the Russia/Ukraine conflict. U.S. corn exports were increased to reflect fewer anticipated shipments from Ukraine.

Projected 2021-22 ending stocks for corn, soybeans, wheat and cotton all came in higher than the average pre-report estimates.

The wheat market had the biggest reaction to the data as winter wheat seedings topped expectations, while U.S. and global wheat ending stocks increased from last month.

The USDA increased U.S. and global wheat and corn carryout numbers above pre-report estimates. Meanwhile, U.S. and global cotton and soybean carryout numbers were under pre-report estimates.

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We walk you through the main takeaways from today's Crop Production and Supply & Demand Reports.

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June 1 soybean stocks were bullish, too.

So far, market reaction to the data has been fairly subdued.