# USDA's WASDE turns markets bearish despite yield cuts | An official publication of Michigan Farm Bureau

> USDA's first WASDE since the shutdown kept corn yield at 186 bpa and soybean yield at 53 bpa, with trade guesses at 184 and 53.1. Corn carryout rose 34 million bushels while soybean carryout fell 10 million, and China's reported purchases were well short of its commitments.

- Date: 2025-11-14 · published 2025-11-14T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/21891-usda-s-wasde-turns-markets-bearish-despite-yield-cuts-an-official-publication
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn carryout increases and doubts about Chinese purchases leave the trade without the bullish adjustment it expected, pressuring corn and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-01-12 | [Commodity markets take USDA’s WASDE in stride \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/43103-commodity-markets-take-usda-s-wasde-in-stride-an-official-publication-of.md) | -2.6% | +3.6% |
| CORN | 2025-02-11 | [Markets turn red following USDA’s February WASDE surprises \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25990-markets-turn-red-following-usda-s-february-wasde-surprises-an-official.md) | +1.4% | -5.7% |
| CORN | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -13.6% | -16.3% |
| CORN | 2026-06-11 | [Markets retract following ‘another neutral WASDE report’ \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/18735-markets-retract-following-another-neutral-wasde-report-an-official-publication.md) | +0.4% | -0.5% |
| CORN | 2022-06-20 | [Brazil expecting historic 2nd-crop corn yields despite less than ideal weather \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/13718-brazil-expecting-historic-2nd-crop-corn-yields-despite-less-than-ideal-weather.md) | -3.7% | -11.8% |
| SOY | 2025-02-11 | [Markets turn red following USDA’s February WASDE surprises \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/25990-markets-turn-red-following-usda-s-february-wasde-surprises-an-official.md) | -1.0% | -4.9% |
| SOY | 2022-07-12 | [Latest USDA WASDE report hits markets hard \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/4308-latest-usda-wasde-report-hits-markets-hard-an-official-publication-of-michigan.md) | -8.8% | -1.3% |
| SOY | 2026-06-11 | [Markets retract following ‘another neutral WASDE report’ \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/18735-markets-retract-following-another-neutral-wasde-report-an-official-publication.md) | +0.8% | +6.5% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/usda-wasde-turns-markets-bearish

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