# WASDE reveals small crops are done getting smaller | Agri-Pulse Communications, Inc.

> Agri-Pulse reports that USDA raised corn and soybean production on higher yields in the November 9 WASDE and offset some of the gains with higher domestic use. USDA left export forecasts unchanged, and the soybean price forecast for 2022/23 was held at $14.00 per bushel.

- Date: 2022-11-09 · published 2022-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38646-wasde-reveals-small-crops-are-done-getting-smaller-agri-pulse-communications-inc
- 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

Export forecasts that have not yet been cut look overstated given the strong dollar and low Mississippi River water, so downward export revisions could follow. Higher soybean crush supports meal demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-30 | [More corn, less soybeans revealed in USDA crop acreage, grain stocks reports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35530-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports-agri.md) | -2.3% | +1.5% |
| CORN | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +5.8% | +12.3% |
| CORN | 2020-03-11 | [‘Benign’ WASDE makes minimal changes in numbers \| 2020-03-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54093-benign-wasde-makes-minimal-changes-in-numbers-2020-03-10-agri-pulse.md) | -6.0% | -3.6% |
| CORN | 2022-12-09 | [USDA’s WASDE leaves most grain and oilseed estimates unchanged \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38185-usda-s-wasde-leaves-most-grain-and-oilseed-estimates-unchanged-agri-pulse.md) | +1.9% | +2.9% |
| CORN | 2020-02-20 | [USDA: Mixed 2020 farm outlook on small export increase, record production \| 2020-02-20  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54621-usda-mixed-2020-farm-outlook-on-small-export-increase-record-production-2020-02.md) | -2.4% | -7.1% |
| SOY | 2018-12-12 | [Few surprises in last WASDE of 2018 \| 2018-12-11 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/61508-few-surprises-in-last-wasde-of-2018-2018-12-11-agri-pulse-agri-pulse.md) | -0.8% | -2.1% |
| SOY | 2019-05-10 | [Article Headline \| 2019-05-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/59045-article-headline-2019-05-10-agri-pulse-agri-pulse-communications-inc.md) | +4.9% | +7.0% |
| SOY | 2020-01-10 | [Markets breathe easy with neutral WASDE report \| 2020-01-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55019-markets-breathe-easy-with-neutral-wasde-report-2020-01-10-agri-pulse.md) | -1.0% | -5.5% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/18479-wasde-reveals-small-crops-are-done-getting-smaller

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