# WASDE Recap: Corn and Soybeans at a Turning Point - farmdoc daily

> USDA's October WASDE cut the US corn yield by 0.6 bushels to 171.9 and the soybean yield by 0.7 bushels to 49.8, following larger September reductions. US production is now down 8% for corn and 3% for soybeans from the prior year's crop.

- Date: 2022-10-18 · published 2022-10-18T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/14896-wasde-recap-corn-and-soybeans-at-a-turning-point-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower US production estimates tighten domestic feed grain and soybean supplies, supporting prices, though projections for a record Brazilian harvest limit the upside.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-10-17 | [Report Reaction Shows Differing Corn and Soybean Market Conditions - farmdoc daily](https://feedsoft.ai/events/33645-report-reaction-shows-differing-corn-and-soybean-market-conditions-farmdoc-daily.md) | +2.6% | -1.6% |
| CORN | 2023-10-18 | [Brazil Expected to Expand Soybean Acreage and Reduce Corn Acreage - farmdoc daily](https://feedsoft.ai/events/13622-brazil-expected-to-expand-soybean-acreage-and-reduce-corn-acreage-farmdoc-daily.md) | +1.9% | -1.3% |
| CORN | 2023-09-23 | [WASDE shocker boosts corn and soybeans](https://feedsoft.ai/events/34109-wasde-shocker-boosts-corn-and-soybeans.md) | -0.3% | +1.6% |
| CORN | 2019-07-19 | [Corn and soybean crops at mid-season, 2019 - farmdoc](https://feedsoft.ai/events/57920-corn-and-soybean-crops-at-mid-season-2019-farmdoc.md) | -0.6% | -11.3% |
| CORN | 2019-11-12 | [WASDE Lowers Wheat, Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/56021-wasde-lowers-wheat-corn-and-soybean-forecasts-agwired.md) | -0.5% | -2.9% |
| SOY | 2023-10-17 | [Report Reaction Shows Differing Corn and Soybean Market Conditions - farmdoc daily](https://feedsoft.ai/events/33645-report-reaction-shows-differing-corn-and-soybean-market-conditions-farmdoc-daily.md) | +0.0% | +6.4% |
| SOY | 2023-09-23 | [WASDE shocker boosts corn and soybeans](https://feedsoft.ai/events/34109-wasde-shocker-boosts-corn-and-soybeans.md) | -1.6% | +0.5% |
| SOY | 2019-07-19 | [Corn and soybean crops at mid-season, 2019 - farmdoc](https://feedsoft.ai/events/57920-corn-and-soybean-crops-at-mid-season-2019-farmdoc.md) | +0.1% | -2.6% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2022/10/wasde-recap-for-october-2022-corn-and-soybeans-at-a-turning-point.html

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