# Speedy US corn and soy harvests strain farmers, storage capacity | Reuters

> Warm, dry weather sped crop maturity, and US farmers had harvested 47% of the second-largest corn crop on record by Oct. 13, ahead of the five-year average of 39%. The rapid harvest is straining on-farm and commercial storage capacity.

- Date: 2024-10-21 · published 2024-10-21T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13142-speedy-us-corn-and-soy-harvests-strain-farmers-storage-capacity-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fast harvest pushes supply to market quickly and storage shortages can widen harvest-time basis discounts, pressuring nearby corn and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-20 | [Farmers Weigh in on Early Corn, Soybean Yields as Harvest Gets Underway](https://feedsoft.ai/events/44906-farmers-weigh-in-on-early-corn-soybean-yields-as-harvest-gets-underway.md) | +0.1% | -5.2% |
| SOY | 2020-12-11 | [Farsul projects 2020/2021 harvest with new drop in corn and recovery in soybeans - Revista Cultivar](https://feedsoft.ai/events/49479-farsul-projects-2020-2021-harvest-with-new-drop-in-corn-and-recovery-in.md) | +4.2% | +19.2% |
| SOY | 2023-04-01 | [Record in Brazil, Drop in Argentina: Contrasting Soybean Harvests in South America - farmdoc daily](https://feedsoft.ai/events/13656-record-in-brazil-drop-in-argentina-contrasting-soybean-harvests-in-south.md) | -1.2% | -3.4% |
| SOY | 2018-09-28 | [Damaged soy crop hits farmers reeling from U.S.-China trade war](https://feedsoft.ai/events/63060-damaged-soy-crop-hits-farmers-reeling-from-u-s-china-trade-war.md) | +0.5% | -1.5% |
| SOY | 2019-04-11 | [Bumper harvest of soybeans and corn expected in Argentina, says Rosario grains exchange — MercoPress](https://feedsoft.ai/events/59433-bumper-harvest-of-soybeans-and-corn-expected-in-argentina-says-rosario-grains.md) | -2.5% | -11.3% |
| CORN | 2021-09-20 | [Farmers Weigh in on Early Corn, Soybean Yields as Harvest Gets Underway](https://feedsoft.ai/events/44906-farmers-weigh-in-on-early-corn-soybean-yields-as-harvest-gets-underway.md) | -4.3% | -4.1% |
| CORN | 2023-10-19 | [Bumper US corn harvest sinks prices, pushes global supply to surplus \| Reuters](https://feedsoft.ai/events/33640-bumper-us-corn-harvest-sinks-prices-pushes-global-supply-to-surplus-reuters.md) | +1.0% | -2.6% |
| CORN | 2018-04-16 | [Brazil corn farmers to get relief from late April rain: forecaster \| Reuters](https://feedsoft.ai/events/65340-brazil-corn-farmers-to-get-relief-from-late-april-rain-forecaster-reuters.md) | -0.8% | +2.6% |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/speedy-us-corn-and-soy-harvests-strain-farmers-storage-capacity-3672523
- reuters.com: https://www.reuters.com/markets/commodities/speedy-us-corn-soy-harvests-strain-farmers-storage-capacity-2024-10-21/

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