# Will smaller U.S. corn, soy crops shrink even further yet?

> USDA cut its soybean production estimate by 153 million bushels, about 3% below the prior month's target, due to lower harvested area. The reported soybean yield of 50.5 bushels per acre came in below the trade expectation of 51.5.

- Date: 2022-09-13 · published 2022-09-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13329-will-smaller-u-s-corn-soy-crops-shrink-even-further-yet
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller-than-expected USDA soybean crop and yield tighten the balance sheet, which supports soybean, soybean meal and oil prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-02-24 | [USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017](https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017.md) | +1.5% | -2.0% |
| SOY | 2020-09-30 | [U.S. Corn, Soybean Piles Get Smaller, USDA Says](https://feedsoft.ai/events/8792-u-s-corn-soybean-piles-get-smaller-usda-says.md) | +5.1% | +9.0% |
| SOY | 2020-11-25 | [Smaller crops, higher prices for corn, soy \| 2020-11-25  \| Food Business News](https://feedsoft.ai/events/50171-smaller-crops-higher-prices-for-corn-soy-2020-11-25-food-business-news.md) | -3.2% | +5.7% |
| SOY | 2023-03-01 | [Corn, soybean usage cuts overshadow smaller Argentine crops](https://feedsoft.ai/events/37263-corn-soybean-usage-cuts-overshadow-smaller-argentine-crops.md) | +2.3% | -1.5% |
| SOY | 2022-09-30 | [Can analysts dodge yet another U.S. corn, soy 'stock shock' on Friday?](https://feedsoft.ai/events/39601-can-analysts-dodge-yet-another-u-s-corn-soy-stock-shock-on-friday.md) | -3.7% | -2.0% |
| SBM | 2020-09-30 | [U.S. Corn, Soybean Piles Get Smaller, USDA Says](https://feedsoft.ai/events/8792-u-s-corn-soybean-piles-get-smaller-usda-says.md) | +8.2% | +17.3% |
| SBM | 2020-11-25 | [Smaller crops, higher prices for corn, soy \| 2020-11-25  \| Food Business News](https://feedsoft.ai/events/50171-smaller-crops-higher-prices-for-corn-soy-2020-11-25-food-business-news.md) | -2.2% | +5.7% |
| SBM | 2023-03-01 | [Corn, soybean usage cuts overshadow smaller Argentine crops](https://feedsoft.ai/events/37263-corn-soybean-usage-cuts-overshadow-smaller-argentine-crops.md) | +2.6% | -6.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/will-smaller-us-corn-soy-crops-shrink-even-further-yet-2022-09-13/

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