# Soybeans rally after USDA cuts U.S. harvest outlook | Financial Post

> On Oct 12, 2022 USDA's monthly report unexpectedly cut the U.S. soybean crop forecast and raised China's import estimate. November soybeans rose 19-3/4 cents to $13.96, while corn was flat and wheat fell after a smaller-than-expected supply cut.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/39163-soybeans-rally-after-usda-cuts-u-s-harvest-outlook-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller U.S. soybean crop and higher China imports tighten old-crop supplies, supporting soybean and soymeal prices, though large South American crops limit gains.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +2.0% | +5.3% |
| SOY | 2022-06-30 | [Soybeans rebound after USDA pegs U.S. acres below expectations \| Financial Post](https://feedsoft.ai/events/40972-soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations-financial-post.md) | -5.0% | -3.9% |
| SOY | 2025-01-10 | [Soybeans Post Rally on USDA Data Day](https://feedsoft.ai/events/8105-soybeans-post-rally-on-usda-data-day.md) | +2.7% | +5.8% |
| SOY | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | +1.9% | +0.2% |
| SOY | 2025-09-12 | [Corn and Soybeans Rally on USDA Yield Cuts, China Hopes: Are Further Cuts Coming? - AgWeb](https://feedsoft.ai/events/6854-corn-and-soybeans-rally-on-usda-yield-cuts-china-hopes-are-further-cuts-coming.md) | +2.2% | +0.7% |
| SBM | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +1.8% | +2.3% |
| SBM | 2022-06-30 | [Soybeans rebound after USDA pegs U.S. acres below expectations \| Financial Post](https://feedsoft.ai/events/40972-soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations-financial-post.md) | -0.8% | +4.4% |
| SBM | 2026-09-10 | [Argentina cuts soybean harvest outlook as corn margins improve
						 \| The Pig Site](https://feedsoft.ai/events/13776-argentina-cuts-soybean-harvest-outlook-as-corn-margins-improve-the-pig-site.md) | +4.1% | +5.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-rally-after-usda-cuts-u-s-harvest-outlook-2

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