# US Corn Farmers Defy Summer Drought, Extreme Heat for a Record Crop - Bloomberg

> US corn farmers produced a record crop despite a summer of drought and extreme heat. Bloomberg reports the bumper harvest should keep costs down for poultry and biofuel producers.

- Date: 2023-11-10 · published 2023-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13229-us-corn-farmers-defy-summer-drought-extreme-heat-for-a-record-crop-bloomberg
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A record US corn crop expands supply and is bearish for corn and the feed and ethanol chains that rely on it.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-30 | [Corn Surpasses Soybeans Again for US Farmers - Bloomberg](https://feedsoft.ai/events/40950-corn-surpasses-soybeans-again-for-us-farmers-bloomberg.md) | +1.0% | -16.7% |
| CORN | 2022-07-01 | [Despite Drought Brazil On Track to Harvest Record Safrinha Corn Crop](https://feedsoft.ai/events/13714-despite-drought-brazil-on-track-to-harvest-record-safrinha-corn-crop.md) | +3.4% | -13.7% |
| CORN | 2016-08-26 | [Pro Farmer sees record U.S. corn, soy crops, but below USDA view](https://feedsoft.ai/events/12397-pro-farmer-sees-record-u-s-corn-soy-crops-but-below-usda-view.md) | -4.0% | -0.1% |
| CORN | 2025-08-15 | [USDA Forecasts Record Corn Crop at 16.7B Bushels](https://feedsoft.ai/events/23269-usda-forecasts-record-corn-crop-at-16-7b-bushels.md) | +2.6% | +5.0% |
| CORN | 2026-10-28 | [Corn falls most since 2023 after US makes surprise crop estimate \|  Bloomberg News](https://feedsoft.ai/events/64-corn-falls-most-since-2023-after-us-makes-surprise-crop-estimate-bloomberg-news.md) | -0.5% | — |

## Sources

- archive.ph: https://archive.ph/zsgcS

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