# WASDE Reaction, Middle East Conflict Game Changers for the Markets - AgWeb

> Grains closed mostly higher for the week of October 9-13, led by a rally after the October WASDE. December corn gained 1.25 cents, November soybeans rose 14.25 cents, and December soybean meal climbed $17.90 per short ton. Analysts said the lower corn and soybean yields surprised speculators and that the Middle East conflict bears watching for energy and fertilizer costs.

- Date: 2023-10-16 · published 2023-10-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33590-wasde-reaction-middle-east-conflict-game-changers-for-the-markets-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller US corn and soybean yields tighten carryout, supporting feed grain and meal prices. Higher energy and fertilizer risk from the Middle East could add cost pressure later.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/wasde-reaction-middle-east-conflict-game-changers-markets

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