# November WASDE puts damper on grain markets — This week in the grain markets - RealAgriculture

> Grain futures closed lower for the week after the November WASDE showed larger inventories despite smaller U.S. yields. USDA cut the soybean yield to 52.1 bushels per acre, a bushel below October and below trade expectations, while China's revised statistics were incorporated into the global figures.

- Date: 2018-11-09 · published 2018-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/61983-november-wasde-puts-damper-on-grain-markets-this-week-in-the-grain-markets
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher inventories outweighed smaller U.S. yields, pressuring grain and oilseed prices. Uncertainty over Chinese data adds volatility to the outlook for demand and stocks.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-11-14 | 5 | -6.8% | -3.3 | Grain futures closed lower the week of the November WASDE as larger-than-feared inventories and weaker demand outweighed the smaller U.S. yields, which fits the week's corn decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-10-12 | [Grain markets continue to test our patience — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/62582-grain-markets-continue-to-test-our-patience-this-week-in-the-grain-markets.md) | +0.6% | +1.1% |
| SOY | 2017-03-12 | [WASDE report puts major ag products on defensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11203-wasde-report-puts-major-ag-products-on-defensive-agweek-1-source-for.md) | +0.4% | -5.4% |
| SOY | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | +0.9% | -4.0% |
| SOY | 2022-11-09 | [Key data in USDA's November 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38643-key-data-in-usda-s-november-9-wasde-report-and-difference-from-market.md) | +0.9% | +1.9% |
| SOY | 2025-11-14 | [Markets react immediately to bearish WASDE reports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/21889-markets-react-immediately-to-bearish-wasde-reports-agweek-1-source-for.md) | -0.8% | -4.9% |
| CORN | 2017-03-12 | [WASDE report puts major ag products on defensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11203-wasde-report-puts-major-ag-products-on-defensive-agweek-1-source-for.md) | +2.4% | +0.9% |
| CORN | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | -0.7% | -1.5% |
| CORN | 2020-05-12 | [Optimism and ambiguity abound in the latest WASDE report - RealAgriculture](https://feedsoft.ai/events/53061-optimism-and-ambiguity-abound-in-the-latest-wasde-report-realagriculture.md) | +0.6% | +4.2% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/11/november-wasde-puts-damper-on-grain-markets-this-week-in-the-grain-markets/

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