# Secretary Naig: “Strong Productivity Must be Met with Strong Market Demand” | Iowa Department of Agriculture and Land Stewardship

> Iowa's 2024 corn crop reached a record 211 bpa and 2.63 billion bushels, while soybeans averaged 60 bpa. Iowa Agriculture Secretary Mike Naig said low commodity prices and high input costs keep the state's farm economy soft and called for expanded markets.

- Date: 2025-01-10 · published 2025-01-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/13120-secretary-naig-strong-productivity-must-be-met-with-strong-market-demand-iowa
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong production in a major corn state adds supply pressure, and the call for demand growth signals the price-support need from exports and new uses.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-06 | [US Department of Agriculture grain report hits Australian prices \| The Land \| NSW](https://feedsoft.ai/events/31626-us-department-of-agriculture-grain-report-hits-australian-prices-the-land-nsw.md) | -1.7% | +0.3% |
| CORN | 2017-03-12 | [WASDE report puts major ag products on defensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11203-wasde-report-puts-major-ag-products-on-defensive-agweek-1-source-for.md) | +2.4% | +0.9% |
| CORN | 2024-01-08 | [Unpacking the agriculture market's 2023 performance and forecasting 2024](https://feedsoft.ai/events/11087-unpacking-the-agriculture-market-s-2023-performance-and-forecasting-2024.md) | -2.2% | -2.3% |
| CORN | 2022-04-08 | [April WASDE within expectations on U.S. balance sheet; global corn and wheat adjusted - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/41797-april-wasde-within-expectations-on-u-s-balance-sheet-global-corn-and-wheat.md) | -0.7% | -6.4% |
| CORN | 2018-08-01 | [Purdue Experts Analyze Agricultural Market in Light of Tariffs and Record Yields](https://feedsoft.ai/events/63419-purdue-experts-analyze-agricultural-market-in-light-of-tariffs-and-record-yields.md) | +7.9% | -4.6% |
| SOY | 2021-03-09 | [U.S. Department of Agriculture kicks can down the road on domestic stocks in March WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/48070-u-s-department-of-agriculture-kicks-can-down-the-road-on-domestic-stocks-in.md) | -1.3% | -1.3% |
| SOY | 2023-03-22 | [AgroPages-Nutrien‘s 2023 Market Outlook: Expect structural supply issues to persist and demand for crop inputs to increase-Agricultural news](https://feedsoft.ai/events/37212-agropages-nutrien-s-2023-market-outlook-expect-structural-supply-issues-to.md) | +0.1% | +2.7% |
| SOY | 2024-07-11 | [China displaced as agricultural market driver \| The Western Producer](https://feedsoft.ai/events/29209-china-displaced-as-agricultural-market-driver-the-western-producer.md) | -3.9% | -10.6% |

## Sources

- iowaagriculture.gov: https://iowaagriculture.gov/news/strong-prod-strong-market-demand

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