◂ Event Timeline

Jan 18, 2022REPORTUS

These 13 States Had Record Corn and Soybean Yields in 2021

USDA's 2021 summary put the US corn crop at 15.1 billion bushels, a record 177 bu/acre yield. The soybean crop reached a record 4.44 billion bushels at 51.4 bu/acre, and 12 to 13 states set yield records.

WHY IT MATTERS

Record corn and soybean output increases supplies for feed and crush, which pressures prices. Feed buyers should expect ample supplies through the 2021/22 marketing year.

AFFECTSCorn▼Soybeans▼

SOURCE
agweb.comSara SchaferJan 18, 2022

Price reaction & history

Corn▼bearishSO FAR1d +0.3%5d +2.5%20d +9.1%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

Apr 6, 2017Brazil To Harvest Record Corn And Soybean Yields+0.6%
Jan 17, 20242023 Corn and Soybean Yields+0.2%
Nov 18, 2020Indiana Still on Pace for Record Corn and Soybean Yields | Hoosier Ag Today+0.4%
Aug 12, 2020USDA forecasts record high corn, soybean yields+3.8%
May 13, 20262025 NASS County Corn, Soybean, and Winter Wheat Yields+0.8%

Soybeans▼bearishSO FAR1d +0.3%5d +3.4%20d +15.7%

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

Apr 6, 2017Brazil To Harvest Record Corn And Soybean Yields+0.4%
Jan 17, 20242023 Corn and Soybean Yields+1.0%
Nov 18, 2020Indiana Still on Pace for Record Corn and Soybean Yields | Hoosier Ag Today+1.8%
Aug 12, 2020USDA forecasts record high corn, soybean yields+3.9%
Aug 10, 2018USDA Sees Record Corn Yield in 2018-0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Corn CORN · GP ▸

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Soybeans SOY · GP ▸

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