# USDA Reports Summary

> USDA's November WASDE cut 2024-25 U.S. soybean production by 121 million bushels to 4.461 billion and corn production by 60 million bushels to 15.143 billion. Soybean yield was lowered 1.4 bpa to 51.7 and corn yield 0.7 bpa to a record 183.1.

- Date: 2024-11-08 · published 2024-11-08T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/13133-usda-reports-summary
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Smaller crops tighten new-crop supplies, and the report's ending-stocks changes were bullish for soybeans and neutral to slightly bullish for corn, supporting prices.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-12 | [USDA Reports Summary](https://feedsoft.ai/events/12611-usda-reports-summary.md) | +0.7% | -7.7% |
| CORN | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.8% | +9.0% |
| CORN | 2020-07-10 | [USDA Reports Summary](https://feedsoft.ai/events/52075-usda-reports-summary.md) | -4.9% | -7.5% |
| CORN | 2022-02-09 | [USDA Reports Summary](https://feedsoft.ai/events/42673-usda-reports-summary.md) | +0.5% | +15.2% |
| CORN | 2022-08-12 | [USDA Reports Review](https://feedsoft.ai/events/13340-usda-reports-review.md) | -0.7% | -1.6% |
| SOY | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.1% | +8.2% |
| SOY | 2022-02-09 | [USDA Reports Summary](https://feedsoft.ai/events/42673-usda-reports-summary.md) | -1.1% | +7.5% |
| SOY | 2022-10-12 | [USDA Reports Review](https://feedsoft.ai/events/39097-usda-reports-review.md) | -0.3% | +4.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/11/08/usda-releases-november-crop-wasde

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