# Commodity futures prices drop sharply in wake of new USDA production estimates

> Commodity futures fell sharply after the USDA's August 10 crop production report, which was more optimistic than expected. The report put US soybean production at a record 4.38 billion bushels, and November soybean futures fell as much as 52 cents. Arkansas corn, rice and sorghum production forecasts were lower.

- Date: 2017-08-18 · published 2017-08-18T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/11616-commodity-futures-prices-drop-sharply-in-wake-of-new-usda-production-estimates
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A record US soybean crop estimate and higher yield expectations add ample supply to the market, pressuring soybean and corn prices. Buyers can expect lower feed costs in the near term.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2019-02-08 | [USDA Releases Slew of Current and Delayed Production, Stocks Estimates](https://feedsoft.ai/events/60552-usda-releases-slew-of-current-and-delayed-production-stocks-estimates.md) | -1.1% | -3.2% |
| SOY | 2017-09-12 | [USDA raises corn, soybean production, yield estimates - Brownfield Ag News](https://feedsoft.ai/events/68802-usda-raises-corn-soybean-production-yield-estimates-brownfield-ag-news.md) | +1.4% | +1.3% |
| SOY | 2026-01-12 | [Shocking New Records in Yield and Production Pummel Corn Futures](https://feedsoft.ai/events/7092-shocking-new-records-in-yield-and-production-pummel-corn-futures.md) | +0.9% | +5.9% |
| SOY | 2024-04-16 | [USDA predicts lower crop prices for key commodities in 2024 \| Agriculture Dive](https://feedsoft.ai/events/30684-usda-predicts-lower-crop-prices-for-key-commodities-in-2024-agriculture-dive.md) | +0.2% | +4.1% |
| CORN | 2026-01-12 | [Grain Futures Drop After USDA Increases Crop-Supply Estimates - WSJ](https://feedsoft.ai/events/20993-grain-futures-drop-after-usda-increases-crop-supply-estimates-wsj.md) | -2.8% | -1.7% |
| CORN | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +5.1% | +3.6% |
| CORN | 2024-10-11 | [USDA Boosts Corn Production Estimate](https://feedsoft.ai/events/27801-usda-boosts-corn-production-estimate.md) | -1.8% | +0.9% |

## Sources

- uaex.uada.edu: https://www.uaex.uada.edu/media-resources/news/2017/august2017/08-18-2017-Ark-crop-futures-prices-down.aspx

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