# Crop tour sees lower soybean estimates due to drought, record heat  | World Grain

> The Pro Farmer Crop Tour, which concluded Aug. 24, projected smaller corn and soybean crops due to drought and record heat in the western Midwest. Pro Farmer put national corn yield at 172 bu/acre versus USDA's 175.1 and soybeans at 49.7 bu/acre versus USDA's 50.9. Soybean pods were being aborted in triple-digit heat.

- Date: 2023-09-04 · published 2023-09-04T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13245-crop-tour-sees-lower-soybean-estimates-due-to-drought-record-heat-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Yield estimates below USDA's figures signal a smaller US crop and tighter supplies, which supports both corn and soybean prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-30 | [Extreme heat, drought take toll on US crops \| World Grain](https://feedsoft.ai/events/13254-extreme-heat-drought-take-toll-on-us-crops-world-grain.md) | -0.0% | -8.2% |
| CORN | 2025-01-29 | [Drought, low prices to drop Mexico’s grain production  \| World Grain](https://feedsoft.ai/events/26570-drought-low-prices-to-drop-mexico-s-grain-production-world-grain.md) | +1.0% | -1.0% |
| CORN | 2017-07-13 | [Strategy Grains lowers EU harvest estimates after heat](https://feedsoft.ai/events/69902-strategy-grains-lowers-eu-harvest-estimates-after-heat.md) | +0.3% | -1.2% |
| CORN | 2026-09-10 | [Midwest Drought Expands: Heat Wave Threatens Crops \| Feed & Grain](https://feedsoft.ai/events/12963-midwest-drought-expands-heat-wave-threatens-crops-feed-and-grain.md) | +4.3% | +1.1% |
| CORN | 2023-04-24 | [Argentina Soybean Crop Smallest in 25 Years Due to Historic Drought - AgWeb](https://feedsoft.ai/events/13969-argentina-soybean-crop-smallest-in-25-years-due-to-historic-drought-agweb.md) | -0.7% | -9.9% |
| SOY | 2023-08-30 | [Extreme heat, drought take toll on US crops \| World Grain](https://feedsoft.ai/events/13254-extreme-heat-drought-take-toll-on-us-crops-world-grain.md) | -1.6% | -5.7% |
| SOY | 2023-09-06 | [Drought, record heat threaten US soybean crop at critical growing stage - High Plains Journal](https://feedsoft.ai/events/13246-drought-record-heat-threaten-us-soybean-crop-at-critical-growing-stage-high.md) | -1.3% | -5.7% |
| SOY | 2023-08-31 | [Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage - CoBank Site - CoBank](https://feedsoft.ai/events/13257-drought-record-heat-threaten-u-s-soybean-crop-at-critical-growing-stage-cobank.md) | -2.6% | -5.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/18988-crop-tour-sees-lower-soybean-estimates-due-to-drought-record-heat

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