# Perspective: Mid-Day Commentary for October 12

> Arlan Suderman's midday commentary on October 12 said the grain markets were trading the WASDE numbers against a backdrop of weak equities and a strong dollar near 113.3. The report's most notable change was a drop in the US soybean yield to 49.8 bushels per acre, at the low end of trade guesses. USDA also made balance sheet adjustments tied to the September 30 stocks report.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39101-perspective-mid-day-commentary-for-october-12
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The soybean yield cut supports soybean prices, while the strong dollar and macro risk-off conditions can weigh on dollar-denominated commodity values.

## Read by commodity

- DXY: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-05-14 | [Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/10236-market-trends-commentary-for-may-june-2018-grain-farmers-of-ontario.md) | +0.4% | -4.1% |
| SOY | 2018-06-18 | [Market Trends Commentary for June-July 2018 - Grain Farmers of Ontario](https://feedsoft.ai/events/12355-market-trends-commentary-for-june-july-2018-grain-farmers-of-ontario.md) | -1.2% | -8.4% |
| SOY | 2018-08-16 | [Agro Perspectiva](https://feedsoft.ai/events/63646-agro-perspectiva.md) | +0.1% | -4.1% |
| SOY | 2020-10-01 | [Daily Market Wire 1 October 2020 - Grain Central](https://feedsoft.ai/events/50597-daily-market-wire-1-october-2020-grain-central.md) | +2.7% | +3.3% |
| SOY | 2024-05-16 | [Market Perspectives - May 16, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10514-market-perspectives-may-16-2024-u-s-grains-and-bioproducts-council.md) | +2.7% | -2.0% |
| DXY | 2026-10-19 | [COT on forex and commodities - Week to 13 October 2026 \| Saxo UK](https://feedsoft.ai/events/17045-cot-on-forex-and-commodities-week-to-13-october-2026-saxo-uk.md) | -0.1% | — |
| DXY | 2026-02-27 | [U.S. dollar heads for first monthly gain since October](https://feedsoft.ai/events/7898-u-s-dollar-heads-for-first-monthly-gain-since-october.md) | +1.4% | +2.1% |
| DXY | 2023-10-31 | [Canadian GDP lags for the second consecutive month - OFX (CA)](https://feedsoft.ai/events/33850-canadian-gdp-lags-for-the-second-consecutive-month-ofx-ca.md) | -1.4% | -2.9% |

## Sources

- stonex.com: https://www.stonex.com/en/insights/perspective-mid-day-commentary-for-october-12/

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