# USDA Reports Review

> DTN reported that soybeans jumped after USDA's October WASDE set the soybean yield at a surprisingly low 49.8 bushels per acre, leading to lower-than-expected ending stocks. USDA also cut corn and wheat demand because of slow exports, river problems, and the effects of global recession and high interest rates. Corn was described as mostly a dud, with ending stocks slightly above expectations.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/39097-usda-reports-review
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The yield surprise tightens soybean supply and supports soybean meal and oil values. Lower corn and wheat demand estimates keep those markets under pressure.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.4% | +6.6% |
| SOY | 2017-09-29 | [USDA Reports Flash](https://feedsoft.ai/events/68898-usda-reports-flash.md) | +0.9% | +1.2% |
| SOY | 2018-06-12 | [USDA Reports Flash](https://feedsoft.ai/events/64479-usda-reports-flash.md) | -4.7% | -10.6% |
| SOY | 2017-05-10 | [USDA Reports Flash](https://feedsoft.ai/events/70935-usda-reports-flash.md) | +1.1% | -3.6% |
| SOY | 2018-04-10 | [USDA Reports Flash](https://feedsoft.ai/events/65481-usda-reports-flash.md) | -0.5% | -4.3% |
| CORN | 2017-09-28 | [USDA Reports Preview](https://feedsoft.ai/events/68982-usda-reports-preview.md) | +2.6% | +2.3% |
| CORN | 2016-12-09 | [USDA Report Review](https://feedsoft.ai/events/73426-usda-report-review.md) | +2.4% | +0.4% |
| CORN | 2019-08-14 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/57550-usda-reports-review-proag.md) | -1.2% | -4.0% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/10/12/surprise-fall-us-soybean-yield-sends

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