# WASDE Report surprises soybean market - Agweek | #1 source for agriculture news, farming, markets

> The October WASDE left most markets largely unchanged, but soybean yields were cut unexpectedly and the nearby contract rose almost 20 cents. US wheat ending stocks rose slightly while global wheat stocks were tighter, and US corn yields rose above 170 bu/acre.

- Date: 2017-10-15 · published 2017-10-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/68415-wasde-report-surprises-soybean-market-agweek-1-source-for-agriculture-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The surprise soybean yield cut tightens old-crop soybean supplies and supports soybean meal prices for feed use. Wheat remains pressured by ample US and Canadian supplies.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-16 | [Supply report hurts markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/69893-supply-report-hurts-markets-agweek-1-source-for-agriculture-news-farming-markets.md) | -1.0% | -1.4% |
| WHEAT | 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) | +1.4% | +1.0% |
| WHEAT | 2017-03-19 | [Markets preparing for spring - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10725-markets-preparing-for-spring-agweek-1-source-for-agriculture-news-farming.md) | -2.8% | -0.8% |
| WHEAT | 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) | +1.0% | +0.6% |
| WHEAT | 2017-12-17 | [Reports confirm large supplies - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/8429-reports-confirm-large-supplies-agweek-1-source-for-agriculture-news-farming.md) | +0.3% | +0.8% |
| CORN | 2020-07-10 | [July WASDE report gets bearish reaction - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/5364-july-wasde-report-gets-bearish-reaction-agweek-1-source-for-agriculture-news.md) | -4.9% | -7.5% |
| CORN | 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% | -0.3% |
| 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% |

## Sources

- agweek.com: https://www.agweek.com/opinion/usda-surprises-trade-with-yield-numbers
- agweek.com: https://www.agweek.com/opinion/wasde-report-surprises-soybean-market

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