# WASDE surprise sends market sharply lower | Saxo

> The USDA's September WASDE raised its US corn yield to a record 181 bu/acre, above trade expectations, and confirmed a bumper soybean crop. It also lifted Russia's wheat outlook and world ending stocks. Chicago corn fell almost 4%, its largest daily drop since April, and wheat and soybeans also traded lower.

- Date: 2018-09-10 · published 2018-09-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/62982-wasde-surprise-sends-market-sharply-lower-saxo
- 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

Bigger US corn and soybean supplies and higher world wheat stocks add to bearish pressure, with record soybean carryout of about 845 million bushels expected alongside Chinese import tariffs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-08-13 | [Surprise WASDE Sends Corn to Limit Losses](https://feedsoft.ai/events/57547-surprise-wasde-sends-corn-to-limit-losses.md) | -3.3% | -8.2% |
| CORN | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -2.0% | -4.5% |
| CORN | 2022-07-12 | [Markets continue lower following July WASDE](https://feedsoft.ai/events/40428-markets-continue-lower-following-july-wasde.md) | -13.6% | -16.3% |
| CORN | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | +0.0% | +9.0% |
| CORN | 2021-09-10 | [Soy stages surprise rally after September WASDE](https://feedsoft.ai/events/45111-soy-stages-surprise-rally-after-september-wasde.md) | +1.1% | -1.9% |
| SOY | 2022-07-12 | [Markets continue lower following July WASDE](https://feedsoft.ai/events/40428-markets-continue-lower-following-july-wasde.md) | -8.8% | -1.3% |
| SOY | 2021-10-12 | [WASDE Report Prints Bearish Soybean Data, Sends Market Reeling](https://feedsoft.ai/events/44486-wasde-report-prints-bearish-soybean-data-sends-market-reeling.md) | -0.5% | -4.1% |
| SOY | 2017-09-12 | [USDA/WASDE Data Seen as Market Bearish](https://feedsoft.ai/events/68900-usda-wasde-data-seen-as-market-bearish.md) | +1.4% | +1.3% |

## Sources

- home.saxo: https://www.home.saxo/content/articles/commodities/wasde-surprise-sends-market-sharply-lower-13092018

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