# USDA Projects Record Soybean, Corn Yields - Farm Policy News

> USDA's August Crop Production Report projected a record US soybean crop of 4.589 billion bushels at 53.2 bushels per acre. It also projected record national corn yields of 183.1 bushels per acre, with new state yield records in several states.

- Date: 2024-08-13 · published 2024-08-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/10469-usda-projects-record-soybean-corn-yields-farm-policy-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record yields and output expand supplies of corn and soybeans, which pressures prices and lowers feed costs for buyers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-08-15 | 5 | -8.7% | -3.8 | The record projected US soybean crop (4.589 bn bu at 53.2 bu/acre) signals abundant supply and bearish pricing. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.9% | +11.6% |
| SOY | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | -0.6% | -1.5% |
| SOY | 2023-05-12 | [USDA Predicts Record Corn, Soybean Crops](https://feedsoft.ai/events/5016-usda-predicts-record-corn-soybean-crops.md) | -7.6% | -3.9% |
| 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 | 2024-09-24 | [USDA hikes record yield projections – AgriNews](https://feedsoft.ai/events/13153-usda-hikes-record-yield-projections-agrinews.md) | +1.7% | -5.6% |
| CORN | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.8% | +8.3% |
| CORN | 2023-02-16 | [USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news.md) | -0.4% | -4.9% |
| CORN | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.6% | -3.5% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2024/08/usda-projects-record-soybean-corn-yields/

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