# WASDE update: Soybean yield revisions tighten up market | articles | ING THINK

> ING's analysis of the November WASDE says the soybean yield cut from 53.1 to 51.7 bu/acre lowered U.S. production to 4,461 million bushels, below market expectations. U.S. corn export estimates were left unchanged despite strong export sales in October. Global 2024/25 wheat, corn and soybean balances were also revised.

- Date: 2024-11-11 · published 2024-11-11T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/27340-wasde-update-soybean-yield-revisions-tighten-up-market-articles-ing-think
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A tighter U.S. soybean balance sheet supports soymeal and soybean prices, which feed buyers pay for. Unchanged corn exports limit the bullish corn impact.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-03-11 | [WASDE update: Corn and soybean markets tighten \| articles \| ING THINK](https://feedsoft.ai/events/31132-wasde-update-corn-and-soybean-markets-tighten-articles-ing-think.md) | +2.4% | +0.9% |
| SOY | 2022-02-10 | [WASDE update: Soybeans rally on tighter balance \| articles \| ING THINK](https://feedsoft.ai/events/42677-wasde-update-soybeans-rally-on-tighter-balance-articles-ing-think.md) | -0.5% | +6.6% |
| SOY | 2023-09-13 | [WASDE update: Tighter wheat and looser corn market \| articles \| ING THINK](https://feedsoft.ai/events/34042-wasde-update-tighter-wheat-and-looser-corn-market-articles-ing-think.md) | -1.2% | -4.5% |
| SOY | 2025-12-08 | [Tighter times ahead for the soybean market \| articles \| ING THINK](https://feedsoft.ai/events/21531-tighter-times-ahead-for-the-soybean-market-articles-ing-think.md) | -2.6% | -5.7% |
| SOY | 2023-01-13 | [WASDE update: Tighter US grain balances \| articles \| ING THINK](https://feedsoft.ai/events/37729-wasde-update-tighter-us-grain-balances-articles-ing-think.md) | -1.5% | +0.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/wasde-update-soybean-yield-revisions-tighten-up-market111124/

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