# USDA changes corn and soybean projections; see effect on Brazil — Analysts

> The USDA cut its US corn production estimate by 141 million bushels to 15.893 billion and lowered its projected yield from 181.2 to 179.6 bushels per acre. It also reduced corn ending stocks by 91 million bushels to 1.758 billion and cut feed and export use by 25 million bushels each. It raised US soybean production by 12 million bushels to 4.57 billion.

- Date: 2026-11-14 · published 2026-11-15T01:35:17.291Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/100451-usda-changes-corn-and-soybean-projections-see-effect-on-brazil-analysts
- 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

Lower corn supply and stocks support prices, but weaker feed and export demand offsets part of that effect. Higher US soybean output is bearish for soybeans and related products, and it also affects Brazilian prices, exports and feed costs.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +4.3% | +3.9% |
| CORN | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.8% | +9.0% |
| CORN | 2024-03-08 | [USDA Cuts Brazil Soy Production 1 MMT](https://feedsoft.ai/events/31135-usda-cuts-brazil-soy-production-1-mmt.md) | -0.3% | -3.1% |
| CORN | 2021-04-06 | [Brazil's soybean harvest 78% complete, corn sowing ends: analysts - Fastmarkets](https://feedsoft.ai/events/47444-brazil-s-soybean-harvest-78-complete-corn-sowing-ends-analysts-fastmarkets.md) | +1.7% | +24.1% |
| CORN | 2025-02-11 | [USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady](https://feedsoft.ai/events/25987-usda-defies-expectations-holds-corn-and-soybean-ending-stocks-steady.md) | +1.4% | -5.7% |
| SOY | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +2.2% | +0.7% |
| SOY | 2022-11-09 | [USDA Projects Higher Corn and Soybean Supply](https://feedsoft.ai/events/38641-usda-projects-higher-corn-and-soybean-supply.md) | +0.9% | +1.9% |
| SOY | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +1.5% | +7.7% |

## Sources

- analistas.com.br: https://www.analistas.com.br/noticias/usda-muda-projecoes-de-milho-e-soja-veja-efeito-no-brasil

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