# USDA Surprisingly Lowers Corn and Soybean Yield and Ending Stocks in WASDE - AgWeb

> USDA's November WASDE lowered U.S. soybean yield to 51.7 bpa, cutting production by 121 million bushels, while exports fell 25 million bushels and crush 15 million, so ending stocks dropped 80 million. Corn yield was lowered to a record 183.1 bpa, and corn and soybeans rose after the report.

- Date: 2024-11-08 · published 2024-11-08T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/13135-usda-surprisingly-lowers-corn-and-soybean-yield-and-ending-stocks-in-wasde-agweb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The yield cut was partly offset by lower demand, leaving soybean stocks ample, so the price lift is likely to be modest. Corn stocks also tightened but remain comfortable.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | -2.8% | +2.5% |
| WHEAT | 2025-02-11 | [USDA Cuts World Corn, Soybean, Wheat Ending Stocks](https://feedsoft.ai/events/25989-usda-cuts-world-corn-soybean-wheat-ending-stocks.md) | +2.0% | -3.0% |
| WHEAT | 2016-11-09 | [USDA raises U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/73820-usda-raises-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | +0.8% | -0.1% |
| WHEAT | 2016-12-09 | [USDA leaves U.S. corn, soybean, wheat ending stocks unchanged - Brownfield Ag News](https://feedsoft.ai/events/73425-usda-leaves-u-s-corn-soybean-wheat-ending-stocks-unchanged-brownfield-ag-news.md) | +1.5% | +0.3% |
| WHEAT | 2026-04-01 | [USDA leaves U.S. soybean, corn, wheat ending stocks unchanged](https://feedsoft.ai/events/20192-usda-leaves-u-s-soybean-corn-wheat-ending-stocks-unchanged.md) | -2.5% | +0.9% |
| SOY | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |
| SOY | 2021-01-12 | [WASDE Lowers Corn/Soy Ending Stocks Again - AgWeb](https://feedsoft.ai/events/49087-wasde-lowers-corn-soy-ending-stocks-again-agweb.md) | +0.8% | +2.0% |
| SOY | 2019-02-08 | [USDA lowers U.S. corn, soybean ending stocks - Brownfield Ag News](https://feedsoft.ai/events/60555-usda-lowers-u-s-corn-soybean-ending-stocks-brownfield-ag-news.md) | -1.1% | -3.2% |

## Sources

- agriculture.com: https://www.agriculture.com/november-usda-wadse-report-8641595
- agriculturedive.com: https://www.agriculturedive.com/news/soybean-production-lowered-usda-wasde-corn/732528/
- agweb.com: https://www.agweb.com/markets/market-analysis/usda-surprises-market-lower-corn-and-soybean-yield-and-ending-stocks

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