# Prevented planting skyrockets, corn prices drop - POLITICO

> USDA's August WASDE raised its corn production forecast to 13.9 billion bushels and yield to 169.5 bushels per acre, surprising traders. The agency also cut 2019-20 corn export estimates by 100 million bushels, and corn futures posted their steepest drop in six years.

- Date: 2019-08-13 · published 2019-08-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/11737-prevented-planting-skyrockets-corn-prices-drop-politico
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Higher output and lower export expectations build corn carryout, weighing on prices and making feed cheaper for livestock and poultry producers.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼
- CHICKEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-28 | [U.S. corn plantings top expectations despite floods; prices sink](https://feedsoft.ai/events/58537-u-s-corn-plantings-top-expectations-despite-floods-prices-sink.md) | -2.0% | -4.5% |
| CORN | 2023-07-20 | [Brazil: Corn planting intentions show a small drop in planted area in the 2023/24 summer сrop](https://feedsoft.ai/events/13638-brazil-corn-planting-intentions-show-a-small-drop-in-planted-area-in-the-2023.md) | +9.4% | -7.2% |
| CORN | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +3.0% | +4.1% |
| CORN | 2019-08-14 | [US corn price drops dramatically - Agriland.ie](https://feedsoft.ai/events/57613-us-corn-price-drops-dramatically-agriland-ie.md) | -1.2% | -4.0% |
| CORN | 2020-08-25 | [Growing demand for corn, soybeans driving up prices \| Feed Strategy](https://feedsoft.ai/events/51666-growing-demand-for-corn-soybeans-driving-up-prices-feed-strategy.md) | +3.0% | +8.9% |

## Sources

- politico.com: https://www.politico.com/newsletters/morning-agriculture/2019/08/13/prevented-planting-skyrockets-corn-prices-drop-715153

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