# USDA Reports Review

> USDA's August WASDE put the US corn yield at 175.4 bu/acre and production at 14.359 billion bushels, about 24 million bushels below trade expectations. Soybean estimates changed little, and traders expect final yields to fall further amid hot, dry Plains weather.

- Date: 2022-08-12 · published 2022-08-12T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/13340-usda-reports-review
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Traders expect lower final yields than USDA's estimate, which supports corn prices and tightens the feed grain outlook.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-11 | [USDA Reports Review](https://feedsoft.ai/events/51068-usda-reports-review.md) | +4.5% | +5.3% |
| CORN | 2017-02-09 | [USDA Reports Flash](https://feedsoft.ai/events/72446-usda-reports-flash.md) | +1.2% | -0.8% |
| CORN | 2018-06-12 | [USDA Reports Flash](https://feedsoft.ai/events/64479-usda-reports-flash.md) | -2.1% | -4.6% |
| CORN | 2018-04-10 | [USDA Reports Flash](https://feedsoft.ai/events/65481-usda-reports-flash.md) | -0.6% | +2.5% |
| CORN | 2019-09-12 | [USDA Reports Summary](https://feedsoft.ai/events/57011-usda-reports-summary.md) | +4.8% | +9.0% |
| SOY | 2018-05-09 | [USDA Reports Preview](https://feedsoft.ai/events/65067-usda-reports-preview.md) | +0.7% | -1.7% |
| SOY | 2016-12-09 | [USDA Report Review](https://feedsoft.ai/events/73426-usda-report-review.md) | +0.2% | -3.0% |
| SOY | 2020-06-12 | [USDA Reports Review - ProAg](https://feedsoft.ai/events/52558-usda-reports-review-proag.md) | +0.8% | +2.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/08/12/corn-soybean-markets-focus-future

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