# Soybean complex takes the lead after WASDE yield surprise - Agweek | #1 source for agriculture news, farming, markets

> Soybeans, soybean oil and meal rose after the November WASDE cut U.S. soybean yield more than expected. The report also held exports lower and put corn at a record yield, which was offset by higher ethanol production.

- Date: 2021-11-12 · published 2021-11-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/7047-soybean-complex-takes-the-lead-after-wasde-yield-surprise-agweek-1-source-for
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller-than-expected U.S. soybean crop tightens supplies and lifts meal, which feed buyers pay for directly. Strong ethanol demand supports corn prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-11-09 | [November WASDE has bullish surprises for soybeans, corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/50092-november-wasde-has-bullish-surprises-for-soybeans-corn-agweek-1-source-for.md) | +3.9% | +5.5% |
| SOY | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.0% | +0.3% |
| SOY | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | +3.5% | +5.8% |
| SOY | 2016-05-09 | [USDA slashes soy supply view; prices surge - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6519-usda-slashes-soy-supply-view-prices-surge-agweek-1-source-for-agriculture-news.md) | +2.8% | +10.9% |
| SBM | 2020-11-09 | [November WASDE has bullish surprises for soybeans, corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/50092-november-wasde-has-bullish-surprises-for-soybeans-corn-agweek-1-source-for.md) | +1.5% | +1.1% |
| SBM | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -4.3% | -4.2% |
| SBM | 2016-05-09 | [USDA slashes soy supply view; prices surge - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6519-usda-slashes-soy-supply-view-prices-surge-agweek-1-source-for-agriculture-news.md) | +5.8% | +20.7% |

## Sources

- agweek.com: https://www.agweek.com/business/soybean-complex-takes-the-lead-after-wasde-yield-surprise

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