# USDA lowers corn, soybean yield estimates | 2019-09-12  | Agri-Pulse Communications, Inc.

> USDA's NASS cut its corn and soybean production estimates by about 1% from August, to 13.8 billion and 3.63 billion bushels. The corn yield forecast fell to 168.2 bushels per acre, and the WASDE lowered corn ethanol use. Soybean output is forecast down 20% from last year.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10852-usda-lowers-corn-soybean-yield-estimates-2019-09-12-agri-pulse-communications
- 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 production and yield forecasts tighten corn and soybean supplies, though the corn ethanol cut partly offsets the effect. Feed buyers should expect firmer grain and soymeal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-12 | [USDA lowers corn, soybean yield estimates due to drought \| 2021-08-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45406-usda-lowers-corn-soybean-yield-estimates-due-to-drought-2021-08-12-agri-pulse.md) | +0.7% | -7.7% |
| CORN | 2020-07-10 | [USDA holds corn and soybean yields steady in latest WASDE \| 2020-07-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/52074-usda-holds-corn-and-soybean-yields-steady-in-latest-wasde-2020-07-10-agri-pulse.md) | -4.9% | -7.5% |
| CORN | 2018-03-29 | [Farmers plan to cut corn, soybean acreage, USDA says \| 2018-03-29 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/66030-farmers-plan-to-cut-corn-soybean-acreage-usda-says-2018-03-29-agri-pulse-agri.md) | +4.8% | +4.9% |
| CORN | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | -6.8% | -0.4% |
| CORN | 2026-04-09 | [USDA raises price estimates for several commodities \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/19801-usda-raises-price-estimates-for-several-commodities-agri-pulse-communications.md) | +0.9% | +1.5% |
| SOY | 2021-08-12 | [USDA lowers corn, soybean yield estimates due to drought \| 2021-08-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45406-usda-lowers-corn-soybean-yield-estimates-due-to-drought-2021-08-12-agri-pulse.md) | -3.4% | -10.4% |
| SOY | 2018-03-29 | [Farmers plan to cut corn, soybean acreage, USDA says \| 2018-03-29 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/66030-farmers-plan-to-cut-corn-soybean-acreage-usda-says-2018-03-29-agri-pulse-agri.md) | +1.3% | +1.0% |
| SOY | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | +4.4% | +11.9% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/12594-usda-lowers-corn-soybean-yield-estimates

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