# USDA CROP REPORT SURPRISES TRADE – McLean County Farm Bureau

> USDA's first survey-based crop production forecast put the national average corn yield at 169.5 bushels per acre, up 3.5 bushels from July, and planted corn acres at 90 million. Total production was forecast at 13.9 billion bushels, up 26 million from July, and corn futures fell Monday after the report.

- Date: 2019-08-13 · published 2019-08-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/11742-usda-crop-report-surprises-trade-mclean-county-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger corn crop forecast despite wet-spring planting delays increases supplies and pressures corn prices, lowering feed costs for buyers.

## Read by commodity

- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2019-08-14 | 5 | -7.6% | -3.3 | USDA's survey-based forecast raised yield by 3.5 bu and production by 26M bu versus July, increasing expected supply and pushing futures lower. |
| CORN | 2019-08-11 | 1 | -3.7% | -3.3 | USDA raised the corn yield to 169.5 bu/ac and held acres at 90 million, which increased supply and sent corn lower. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | -5.9% | -7.2% |
| CORN | 2019-08-13 | [USDA springs further surprise in crop report \| Farm Online \| ACT](https://feedsoft.ai/events/11740-usda-springs-further-surprise-in-crop-report-farm-online-act.md) | -3.3% | -8.2% |
| CORN | 2019-01-01 | [USDA Reports Provide Surprises for Corn](https://feedsoft.ai/events/61054-usda-reports-provide-surprises-for-corn.md) | +1.4% | +1.8% |
| CORN | 2018-12-14 | [USDA reports provide few surprises](https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises.md) | +0.5% | +0.1% |
| CORN | 2023-11-09 | [USDA surprises trade with latest report \| The Western Producer](https://feedsoft.ai/events/33115-usda-surprises-trade-with-latest-report-the-western-producer.md) | -1.5% | -1.0% |

## Sources

- mcfb.org: https://www.mcfb.org/2019/08/13/usda-crop-report-surprises-trade/

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