# How Pro Farmer's 2024 Yield Estimates Compare to USDA Expectations - AgWeb

> Pro Farmer's national estimates project US corn production below USDA figures and soybean production above them, following crop tour sampling of 2,000 to 3,000 fields in seven states. USDA had put record yields on corn in five of the seven states.

- Date: 2024-08-23 · published 2024-08-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13162-how-pro-farmer-s-2024-yield-estimates-compare-to-usda-expectations-agweb
- 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

A smaller corn crop than USDA projects tightens feed grain supply and supports corn prices, while a larger soybean crop adds pressure to soybean and meal markets.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-25 | [Here’s How Pro Farmer's 2023 Yield Estimates Stack Up to USDA Expectations - AgWeb](https://feedsoft.ai/events/13256-here-s-how-pro-farmer-s-2023-yield-estimates-stack-up-to-usda-expectations-agweb.md) | -2.2% | -9.0% |
| CORN | 2022-10-05 | [Pro Farmer Crop Estimates Far Below USDA Expectations - AgWeb](https://feedsoft.ai/events/13325-pro-farmer-crop-estimates-far-below-usda-expectations-agweb.md) | +0.9% | +1.2% |
| CORN | 2023-08-25 | [Pro Farmer Crop Estimates Below USDA Expectations - Farm Journal](https://feedsoft.ai/events/13259-pro-farmer-crop-estimates-below-usda-expectations-farm-journal.md) | -2.2% | -9.0% |
| CORN | 2022-08-26 | [Pro Farmer Crop Estimates Far Below USDA Expectations - Farm Journal](https://feedsoft.ai/events/13341-pro-farmer-crop-estimates-far-below-usda-expectations-farm-journal.md) | +0.5% | +2.0% |
| CORN | 2020-08-21 | [Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts](https://feedsoft.ai/events/51456-pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts.md) | +3.5% | +11.2% |
| SOY | 2024-08-23 | [Pro Farmer releases 2024 national corn and soybean estimates - Pro Farmer](https://feedsoft.ai/events/13160-pro-farmer-releases-2024-national-corn-and-soybean-estimates-pro-farmer.md) | +3.5% | +7.5% |
| SOY | 2022-08-29 | [Pro Farmer Releases 2022 National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/13335-pro-farmer-releases-2022-national-corn-and-soybean-crop-estimates-pro-farmer.md) | -5.9% | -12.1% |
| SOY | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -0.8% | +5.2% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/how-pro-farmers-2024-yield-estimates-compare-usda-expectations

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