# Was WASDE cruel or kind? – The Seam

> USDA's October 2022 WASDE report showed lower-than-expected soybean yields and production, lifting soybean prices. Supply and demand data had less effect on corn, which closed near flat, while wheat lost 1% to 1.9%. Crude oil fell 2.25% to around $87 per barrel.

- Date: 2022-10-12 · published 2022-10-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/5091-was-wasde-cruel-or-kind-the-seam
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A downside surprise in US soybean yields tightens domestic supply and supports soybean complex prices, while the lack of corn and wheat response indicates limited feed grain price impact.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -2.7% | -8.2% |
| SOY | 2020-12-09 | [Will WASDE break the grains selloff?](https://feedsoft.ai/events/5274-will-wasde-break-the-grains-selloff.md) | +3.4% | +18.7% |
| SOY | 2025-05-13 | [Terrain \| May 2025 WASDE Sets the Stage for Markets](https://feedsoft.ai/events/24699-terrain-may-2025-wasde-sets-the-stage-for-markets.md) | -1.4% | -0.8% |
| SOY | 2023-02-16 | [Feb WASDE Stocks-to-Use Ratios for Major Crops](https://feedsoft.ai/events/37266-feb-wasde-stocks-to-use-ratios-for-major-crops.md) | +0.6% | -2.2% |
| SOY | 2020-11-17 | [The WASDE Slashes Global Grains Stock Estimates \| CZ app](https://feedsoft.ai/events/50094-the-wasde-slashes-global-grains-stock-estimates-cz-app.md) | +3.3% | +2.7% |
| CORN | 2024-06-12 | [June WASDE serves the markets a reality check](https://feedsoft.ai/events/29694-june-wasde-serves-the-markets-a-reality-check.md) | -0.1% | -7.3% |
| CORN | 2020-08-12 | [August WASDE report Black Sea commentary - The Sizov Report blog](https://feedsoft.ai/events/51459-august-wasde-report-black-sea-commentary-the-sizov-report-blog.md) | +3.8% | +8.3% |
| CORN | 2023-08-15 | [A look at the August WASDE – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/5616-a-look-at-the-august-wasde-ohio-ag-net-ohio-s-country-journal.md) | -0.9% | -1.3% |

## Sources

- theseam.com: https://www.theseam.com/was-wasde-cruel-or-kind/

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