# August WASDE, Crop Production Reports Buoy Expectations for Large Crops | Farm Bureau Intel Markets | American Farm Bureau Federation

> USDA's August Crop Production and WASDE reports projected record corn and soybean yields and above-trend spring wheat yields. Planted corn acreage fell to 90.7 million acres, cutting production to about 15.15 billion bushels, and December corn futures closed up on the day at $4.01.

- Date: 2024-08-13 · published 2024-08-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10467-august-wasde-crop-production-reports-buoy-expectations-for-large-crops-farm
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large yields keep supplies ample for feed buyers, but the lower corn acreage and reduced ending stocks limit downside for corn prices.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-05-31 | [Broiler Bird Weights Keep Lid on Production \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/71145-broiler-bird-weights-keep-lid-on-production-farm-bureau-intel-markets-american.md) | +1.7% | -2.3% |
| CORN | 2019-03-25 | [Reviewing County-Level Corn and Soybean Yields in 2018 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/59918-reviewing-county-level-corn-and-soybean-yields-in-2018-farm-bureau-intel.md) | -5.0% | -5.6% |
| CORN | 2025-01-06 | [USDA’s January WASDE, final production reports could prove pivotal for corn market \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/11607-usda-s-january-wasde-final-production-reports-could-prove-pivotal-for-corn.md) | +4.1% | +5.3% |
| CORN | 2023-08-14 | [Key data in USDA's August 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/34511-key-data-in-usda-s-august-11-wasde-report-and-difference-from-market.md) | +0.3% | -1.6% |
| CORN | 2023-02-08 | [February USDA WASDE Report Neutral and Close to Expectations but Moved Markets Higher](https://feedsoft.ai/events/37261-february-usda-wasde-report-neutral-and-close-to-expectations-but-moved-markets.md) | -0.3% | -4.2% |
| SOY | 2017-05-10 | [Updated Supply and Demand Expectations for Corn and Soybeans in 2017/18 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/70851-updated-supply-and-demand-expectations-for-corn-and-soybeans-in-2017-18-farm.md) | +1.1% | -3.6% |
| SOY | 2024-03-29 | [Let’s Get Going, 2024! \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/31218-let-s-get-going-2024-farm-bureau-intel-markets-american-farm-bureau-federation.md) | -0.5% | -2.7% |
| SOY | 2021-10-12 | [USDA Forced to Rebalance October WASDE After September Grain Stocks Report \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/44487-usda-forced-to-rebalance-october-wasde-after-september-grain-stocks-report-farm.md) | -0.5% | -4.1% |

## Sources

- fb.org: https://www.fb.org/intel/markets/august-wasde-crop-production-reports-buoy-expectations-for-large-crops

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