# Grain markets continue to test our patience — This week in the grain markets - RealAgriculture

> The October 11 USDA WASDE lowered the average US corn yield to 180.7 bushels per acre, down 0.6 from September, and raised the soybean yield to 53.1 bpa. CNGOIC cut its estimate of China's 2018/19 soybean crush to 89.5 million tonnes from 96.1 million.

- Date: 2018-10-12 · published 2018-10-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/62582-grain-markets-continue-to-test-our-patience-this-week-in-the-grain-markets
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller US corn crop supports prices, while the sharply lower Chinese crush estimate signals weaker soybean import demand that weighs on soybean prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-11 | [September WASDE resets goalposts — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/51209-september-wasde-resets-goalposts-this-week-in-the-grain-markets-realagriculture.md) | +4.5% | +5.3% |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |
| CORN | 2016-07-14 | [COLUMN: Will the Bulls Dominate Again? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4940-column-will-the-bulls-dominate-again-agweek-1-source-for-agriculture-news.md) | +3.9% | -0.6% |
| 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 | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -0.4% | +0.5% |
| SOY | 2018-11-09 | [November WASDE puts damper on grain markets — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/61983-november-wasde-puts-damper-on-grain-markets-this-week-in-the-grain-markets.md) | +2.4% | +4.9% |
| SOY | 2022-07-12 | [USDA Reports Cause Grain, Soybean Markets to Continue to Plunge](https://feedsoft.ai/events/4307-usda-reports-cause-grain-soybean-markets-to-continue-to-plunge.md) | -8.8% | -1.3% |
| 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% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2018/10/grain-markets-continue-to-test-our-patience-this-week-in-the-grain-markets/

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