# Illinois ranks as No. 1 soy, No. 2 corn producing state for 2023

> USDA's crop production report showed Illinois produced 648 million bushels of soybeans and 2.27 billion bushels of corn in 2023, with corn yields at 206 bpa. Nationally, corn output was a record 15.3 billion bushels at 177.3 bpa, and soybean production was 4.16 billion bushels at 50.6 bpa. A trader called the report bearish based on the market reaction.

- Date: 2024-01-27 · published 2024-01-27T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/13219-illinois-ranks-as-no-1-soy-no-2-corn-producing-state-for-2023
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record national corn production and higher-than-expected yields add to supply, which pressures corn and soybean prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-05-23 | [USDA forecasts record-large corn, soy production in 2023 \| Food Business News](https://feedsoft.ai/events/13277-usda-forecasts-record-large-corn-soy-production-in-2023-food-business-news.md) | -1.8% | +0.2% |
| CORN | 2026-03-31 | [Corn still king as farmers plan 95 million acres for 2026 season](https://feedsoft.ai/events/20184-corn-still-king-as-farmers-plan-95-million-acres-for-2026-season.md) | -1.0% | +1.7% |
| CORN | 2024-05-29 | [Illinois Planting Progress Report for Week Ending May 26 - Morning Ag Clips](https://feedsoft.ai/events/13185-illinois-planting-progress-report-for-week-ending-may-26-morning-ag-clips.md) | -4.5% | -5.1% |
| CORN | 2023-11-10 | [Yield, Production and Stocks Increase Sends Corn and Soy Lower Following November WASDE](https://feedsoft.ai/events/33112-yield-production-and-stocks-increase-sends-corn-and-soy-lower-following.md) | +0.0% | -0.3% |
| CORN | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +0.1% | +1.9% |
| SOY | 2023-05-23 | [USDA forecasts record-large corn, soy production in 2023 \| Food Business News](https://feedsoft.ai/events/13277-usda-forecasts-record-large-corn-soy-production-in-2023-food-business-news.md) | -3.3% | +12.9% |
| SOY | 2025-05-26 | [Datagro raises estimate for soybean and corn production 2024/25 - Revista Cultivar](https://feedsoft.ai/events/13497-datagro-raises-estimate-for-soybean-and-corn-production-2024-25-revista-cultivar.md) | -2.5% | -1.3% |
| SOY | 2024-05-29 | [Illinois Planting Progress Report for Week Ending May 26 - Morning Ag Clips](https://feedsoft.ai/events/13185-illinois-planting-progress-report-for-week-ending-may-26-morning-ag-clips.md) | -4.1% | -5.4% |

## Sources

- whig.com: https://www.whig.com/business/agriculture/grain/illinois-ranks-as-no-1-soy-no-2-corn-producing-state-for-2023/article_99987906-b9f9-11ee-b601-fb2fce55701f.html

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