# USDA hikes record yield projections – AgriNews

> USDA's September crop report projected record corn and soybean yields nationally and in Illinois and Indiana, based on September 1 conditions. Illinois corn was lowered 3 bushels to 222 bushels per acre, while Indiana corn was raised to 210 and Indiana soybeans to a record 63 bushels.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13153-usda-hikes-record-yield-projections-agrinews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record yield projections from USDA point to larger supplies of corn and soybeans, which typically pressures feed grain and meal prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-08-13 | [USDA Projects Record Soybean, Corn Yields - Farm Policy News](https://feedsoft.ai/events/10469-usda-projects-record-soybean-corn-yields-farm-policy-news.md) | -1.2% | +0.1% |
| CORN | 2024-01-16 | [USDA lowers price expectations – AgriNews](https://feedsoft.ai/events/32155-usda-lowers-price-expectations-agrinews.md) | -0.4% | -5.4% |
| CORN | 2020-02-20 | [USDA's acreage, price projections for 2020 - Brownfield Ag News](https://feedsoft.ai/events/54627-usda-s-acreage-price-projections-for-2020-brownfield-ag-news.md) | -2.4% | -7.1% |
| CORN | 2019-05-10 | [Wheat down on higher USDA crop projection - Brownfield Ag News](https://feedsoft.ai/events/5742-wheat-down-on-higher-usda-crop-projection-brownfield-ag-news.md) | +5.8% | +12.3% |
| CORN | 2018-08-10 | [USDA Sees Record Corn Yield in 2018](https://feedsoft.ai/events/63480-usda-sees-record-corn-yield-in-2018.md) | -7.5% | -9.1% |
| SOY | 2024-08-13 | [USDA Projects Record Soybean, Corn Yields - Farm Policy News](https://feedsoft.ai/events/10469-usda-projects-record-soybean-corn-yields-farm-policy-news.md) | -5.5% | -3.4% |
| SOY | 2019-05-10 | [Wheat down on higher USDA crop projection - Brownfield Ag News](https://feedsoft.ai/events/5742-wheat-down-on-higher-usda-crop-projection-brownfield-ag-news.md) | +4.9% | +7.0% |
| SOY | 2018-08-10 | [USDA Sees Record Corn Yield in 2018](https://feedsoft.ai/events/63480-usda-sees-record-corn-yield-in-2018.md) | -0.3% | -6.3% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2024/09/24/usda-hikes-record-yield-projections/

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