# Smaller Corn and Soybean Supply Forecast, as Derecho Harvest Impact Grows | Farm Policy News | Illinois

> USDA's October WASDE cut US corn and soybean supplies as adverse weather reduced harvested acreage. Soybean stocks were pegged at a five-year low as exports rose. Iowa acres unharvestable after the August derecho grew to 850,000.

- Date: 2020-10-12 · published 2020-10-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/11788-smaller-corn-and-soybean-supply-forecast-as-derecho-harvest-impact-grows-farm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Smaller US supplies and low soybean stocks tighten the balance sheet and support prices for corn and soybeans. Feed costs for buyers are likely to rise.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-13 | [FAS: “2022/23 China Soybean Imports Raised to Record High” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/14820-fas-2022-23-china-soybean-imports-raised-to-record-high-farm-policy-news.md) | -2.7% | -3.5% |
| SOY | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | -2.1% | +11.2% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |
| SOY | 2020-02-27 | [Central Illinois leads corn and soybean production as numbers decline across state \| Capitol News Illinois](https://feedsoft.ai/events/54451-central-illinois-leads-corn-and-soybean-production-as-numbers-decline-across.md) | +2.0% | +0.1% |
| SOY | 2017-03-01 | [Argentina: Corn Areas Forecast Has Been Increased; Soybean Areas Forecast Has Been Decreased](https://feedsoft.ai/events/71851-argentina-corn-areas-forecast-has-been-increased-soybean-areas-forecast-has.md) | -1.0% | -5.2% |
| CORN | 2021-04-07 | [2020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47452-2020-u-s-ag-exports-second-highest-on-record-led-by-soybeans-corn-and-pork-to.md) | +2.8% | +25.3% |
| CORN | 2022-08-16 | [Drought and Hot Temperatures Negatively Impact European Union Grain Production \| Farm Policy News \| Illinois](https://feedsoft.ai/events/39997-drought-and-hot-temperatures-negatively-impact-european-union-grain-production.md) | -3.7% | +2.5% |
| CORN | 2021-11-14 | [Fertilizer: “Supply Disruptions Push Prices to New Highs” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/44342-fertilizer-supply-disruptions-push-prices-to-new-highs-farm-policy-news-illinois.md) | -2.1% | +1.5% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2020/10/smaller-corn-and-soybean-supply-forecast-as-derecho-harvest-impact-grows/

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