# How WASDE wobbled grain prices

> Grain markets reacted unevenly to the May WASDE report. Corn firmed despite mostly unsupportive USDA data, while soybean and wheat contracts fell on technical selling. Crop progress showed fast corn and soybean planting.

- Date: 2020-05-13 · published 2020-05-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/12707-how-wasde-wobbled-grain-prices
- 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

Mixed reactions show the report was largely in line with expectations, so the price impact was limited. Fast planting reduces weather risk premium for the coming crop.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-12-09 | [No Surprises in December WASDE \| Feed & Grain](https://feedsoft.ai/events/43525-no-surprises-in-december-wasde-feed-and-grain.md) | -0.4% | -0.7% |
| CORN | 2017-09-26 | [Can U.S. sustain good hog prices?](https://feedsoft.ai/events/69091-can-u-s-sustain-good-hog-prices.md) | +3.3% | +2.4% |
| CORN | 2021-12-15 | [Higher grain prices expected in 2022 \| Capital Press](https://feedsoft.ai/events/43671-higher-grain-prices-expected-in-2022-capital-press.md) | -3.5% | +1.2% |
| CORN | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +0.3% | +4.6% |
| CORN | 2019-12-04 | [USDA report: Grain, hay prices up during fall - Mid-West Farm Report](https://feedsoft.ai/events/55650-usda-report-grain-hay-prices-up-during-fall-mid-west-farm-report.md) | -3.9% | +1.5% |
| SOY | 2018-09-15 | [Grain prices down—hay prices up](https://feedsoft.ai/events/63165-grain-prices-down-hay-prices-up.md) | +3.1% | +5.6% |
| SOY | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | +0.9% | -4.0% |
| SOY | 2019-05-13 | [May 10 WASDE Report Projects Lower Grain Prices - MinnStar Bank](https://feedsoft.ai/events/59047-may-10-wasde-report-projects-lower-grain-prices-minnstar-bank.md) | +3.1% | +7.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/how-wasde-wobbled-grain-prices

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