# Identifying possible US corn, soy surprises ahead of USDA report

> Weather turned exceptionally dry for US crops in mid-August, with heat that had been largely absent until then. The last three weeks have been among the driest seen at this point of the year, especially in the western Corn Belt. Analysts are weighing possible corn and soybean surprises ahead of the USDA report.

- Date: 2023-09-08 · published 2023-09-08T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13244-identifying-possible-us-corn-soy-surprises-ahead-of-usda-report
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dryness during pod-setting and grain fill threatens yields and can tighten US supplies, which supports corn and soybean prices ahead of the USDA report.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-31 | [Drought spreads in US Corn Belt ahead of July's scorching finish](https://feedsoft.ai/events/13260-drought-spreads-in-us-corn-belt-ahead-of-july-s-scorching-finish.md) | -11.7% | -13.2% |
| CORN | 2022-08-26 | [No Shortage of Problems Pointing to Higher Crop Prices Ahead](https://feedsoft.ai/events/40064-no-shortage-of-problems-pointing-to-higher-crop-prices-ahead.md) | +0.5% | +2.0% |
| CORN | 2019-05-29 | [Preventive US corn sowning drives prices up steeply](https://feedsoft.ai/events/59124-preventive-us-corn-sowning-drives-prices-up-steeply.md) | +0.4% | +6.4% |
| CORN | 2024-05-22 | [Russian wheat shortfall a boon to US exporters of ... corn?](https://feedsoft.ai/events/4590-russian-wheat-shortfall-a-boon-to-us-exporters-of-corn.md) | +3.3% | +4.2% |
| CORN | 2022-02-11 | [Corn, soybean prices spike on reports of decreased yields \| Feed Strategy](https://feedsoft.ai/events/42746-corn-soybean-prices-spike-on-reports-of-decreased-yields-feed-strategy.md) | +0.7% | +14.4% |
| SOY | 2023-07-31 | [Drought spreads in US Corn Belt ahead of July's scorching finish](https://feedsoft.ai/events/13260-drought-spreads-in-us-corn-belt-ahead-of-july-s-scorching-finish.md) | -2.9% | -7.1% |
| SOY | 2017-01-04 | [Soybeans charge higher amid reports of flooding in Argentina](https://feedsoft.ai/events/73022-soybeans-charge-higher-amid-reports-of-flooding-in-argentina.md) | +1.9% | +5.1% |
| SOY | 2022-02-11 | [Corn, soybean prices spike on reports of decreased yields \| Feed Strategy](https://feedsoft.ai/events/42746-corn-soybean-prices-spike-on-reports-of-decreased-yields-feed-strategy.md) | +1.1% | +7.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/identifying-possible-us-corn-soy-surprises-ahead-usda-report-2023-09-08/

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