# WASDE sparks a corn, soybean rally – The Seam

> USDA's September WASDE cut US corn production potential sharply and lowered soybean yield estimates below expectations, sending corn and soybean prices substantially higher. Wheat prices fell after technical selling despite the report.

- Date: 2022-09-12 · published 2022-09-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam
- 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 crops tighten supplies for feed buyers and support prices, while the wheat move reflects only profit-taking.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-09-13 | [WASDE Report Spurs Wheat & Corn Price Rally, Soybeans Lag \| tastylive](https://feedsoft.ai/events/28257-wasde-report-spurs-wheat-and-corn-price-rally-soybeans-lag-tastylive.md) | +2.9% | +3.8% |
| CORN | 2023-09-23 | [WASDE shocker boosts corn and soybeans](https://feedsoft.ai/events/34109-wasde-shocker-boosts-corn-and-soybeans.md) | -0.3% | +1.6% |
| CORN | 2018-05-10 | [WASDE delivers bullish corn, soybean news](https://feedsoft.ai/events/64967-wasde-delivers-bullish-corn-soybean-news.md) | +0.5% | -2.5% |
| CORN | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -2.1% | -4.6% |
| CORN | 2022-10-18 | [WASDE Recap: Corn and Soybeans at a Turning Point - farmdoc daily](https://feedsoft.ai/events/14896-wasde-recap-corn-and-soybeans-at-a-turning-point-farmdoc-daily.md) | -0.9% | -2.3% |
| SOY | 2017-10-16 | [Soybean demand sparks market rally](https://feedsoft.ai/events/68490-soybean-demand-sparks-market-rally.md) | -2.1% | -2.3% |
| SOY | 2017-01-13 | [Does the soybean rally have legs?](https://feedsoft.ai/events/72941-does-the-soybean-rally-have-legs.md) | +3.4% | +2.6% |
| SOY | 2023-09-23 | [WASDE shocker boosts corn and soybeans](https://feedsoft.ai/events/34109-wasde-shocker-boosts-corn-and-soybeans.md) | -1.6% | +0.5% |

## Sources

- theseam.com: https://www.theseam.com/wasde-sparks-a-corn-soybean-rally/

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