# WASDE report pushes corn, soybean futures higher - RealAgriculture

> Corn and soybean futures rose after the WASDE report while wheat fell. Global 2018/19 wheat supplies were reduced on lower output forecasts for Australia and Russia, and corn production was forecast at 14.778 billion bushels.

- Date: 2018-10-11 · published 2018-10-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower Australian and Russian wheat output supports wheat prices and can shift feed grain demand toward corn. Corn exports were raised on US price competitiveness.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2018-10-15 | 5 | +8.4% | 3.1 | Wheat fell after WASDE despite cuts to Australian and Russian supply, showing a mixed supply-side impact within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-02-01 | [Drought in Argentina creates tighter stocks in soybean and corn market: WASDE - RealAgriculture](https://feedsoft.ai/events/13986-drought-in-argentina-creates-tighter-stocks-in-soybean-and-corn-market-wasde.md) | +1.2% | -4.9% |
| CORN | 2025-09-16 | [Corn futures rally despite bearish WASDE report](https://feedsoft.ai/events/6852-corn-futures-rally-despite-bearish-wasde-report.md) | -0.3% | -2.6% |
| CORN | 2026-08-12 | [USDA August WASDE Calls for Lower Yields, Higher Harvested Area for Corn and Soybeans \| Agriculture of America](https://feedsoft.ai/events/17858-usda-august-wasde-calls-for-lower-yields-higher-harvested-area-for-corn-and.md) | +3.5% | +11.8% |
| CORN | 2017-09-29 | [Corn, Soybean Futures Climb on Surprise Stocks Report \| Fox Business](https://feedsoft.ai/events/7538-corn-soybean-futures-climb-on-surprise-stocks-report-fox-business.md) | +3.1% | +2.4% |
| 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% |
| SOY | 2023-02-01 | [Drought in Argentina creates tighter stocks in soybean and corn market: WASDE - RealAgriculture](https://feedsoft.ai/events/13986-drought-in-argentina-creates-tighter-stocks-in-soybean-and-corn-market-wasde.md) | -1.5% | -2.2% |
| SOY | 2017-10-15 | [WASDE Report surprises soybean market - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news.md) | -2.1% | -2.3% |
| SOY | 2017-09-29 | [Corn, Soybean Futures Climb on Surprise Stocks Report \| Fox Business](https://feedsoft.ai/events/7538-corn-soybean-futures-climb-on-surprise-stocks-report-fox-business.md) | +0.9% | +1.2% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/10/wasde-report-pushes-corn-and-soybean-futures-higher/

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