USDA Reports a Game Changer, as Corn and Soybean Yields are Slashed

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Sep 12, 2022USDA Lowers Corn and Soybean Yields-1.1%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-1.6%
• Jan 13, 2021USDA Lowers Soybean Stocks and Corn Yield+2.0%
• Oct 12, 2022USDA Lowers Corn, Soybean Yields Slightly+1.9%
• Sep 12, 2025Corn and Soybeans Rally on USDA Yield Cuts, China Hopes: Are Further Cuts Coming? - AgWeb+5.1%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Sep 12, 2022USDA Lowers Corn and Soybean Yields-2.7%
• Aug 13, 2025USDA crop report: Corn yields soar, soybean prices rise+0.1%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-5.3%
• Oct 12, 2022USDA Lowers Corn, Soybean Yields Slightly-0.3%
• Sep 12, 2019USDA Lowers Corn, Soybean Production and Yield - ProAg+4.1%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Sep 12, 2022USDA Lowers Corn and Soybean Yields-1.5%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-5.6%
• Sep 12, 2018USDA Pushes Corn, Soybean Yield Estimates Higher-4.4%
• Sep 11, 2020USDA Lowers Corn and Soybean Forecasts | AgWired+6.2%
• Aug 21, 2020Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts+0.4%