# Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 | Economic Research Service

> USDA's Economic Research Service projects U.S. corn, soybean and cotton production and exports to approach or exceed record levels through 2032/33. Crop prices are expected to decline over the next three years before stabilizing. Hog prices are forecast to fall while beef and chicken prices stay elevated.

- Date: 2023-02-09 · published 2023-02-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A long-run outlook of record output and falling crop prices points to sustained pressure on feed grain and oilseed prices, and lower hog prices reduce demand for feed.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-02-07 | [Farm Prices for U.S. Major Field Crops Projected To Decline \| Economic Research Service](https://feedsoft.ai/events/14958-farm-prices-for-u-s-major-field-crops-projected-to-decline-economic-research.md) | +3.8% | +17.4% |
| CORN | 2020-08-24 | [Soybean-to-corn price ratio signals increasing soybean profitability \| Economic Research Service](https://feedsoft.ai/events/51644-soybean-to-corn-price-ratio-signals-increasing-soybean-profitability-economic.md) | +3.3% | +11.5% |
| CORN | 2023-02-16 | [USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news.md) | -0.4% | -4.9% |
| CORN | 2017-06-29 | [U.S. Egg Production and Exports: Recent Historical Data and Outlook](https://feedsoft.ai/events/70493-u-s-egg-production-and-exports-recent-historical-data-and-outlook.md) | +5.9% | +3.9% |
| CORN | 2020-04-13 | [COVID-19 Weakens Ethanol Demand Leading to Reduction in Corn Usage Forecast - Purdue Agricultural Economics](https://feedsoft.ai/events/53644-covid-19-weakens-ethanol-demand-leading-to-reduction-in-corn-usage-forecast.md) | -5.4% | -6.1% |
| SOY | 2022-02-07 | [Farm Prices for U.S. Major Field Crops Projected To Decline \| Economic Research Service](https://feedsoft.ai/events/14958-farm-prices-for-u-s-major-field-crops-projected-to-decline-economic-research.md) | +1.9% | +7.8% |
| SOY | 2018-11-29 | [Outlook for U.S. Agricultural Trade: November 2018 \| Economic Research Service](https://feedsoft.ai/events/61931-outlook-for-u-s-agricultural-trade-november-2018-economic-research-service.md) | +2.1% | -0.9% |
| SOY | 2019-09-03 | [Long-Term U.S. Agricultural Outlook Affected Broadly by Uncertainty of China’s Markets \| Economic Research Service](https://feedsoft.ai/events/56957-long-term-u-s-agricultural-outlook-affected-broadly-by-uncertainty-of-china-s.md) | -1.4% | +5.7% |

## Sources

- ers.usda.gov: https://www.ers.usda.gov/amber-waves/2023/february/declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural-projections-to-2032

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