# USDA Agricultural Projections to 2032- Focus on Corn, Soybeans - Farm Policy News

> USDA released its 10-year agricultural baseline projections, which expect US corn production to grow as yield gains offset slightly declining acreage. The stocks-to-use ratio is projected to rise from 11.6 percent in 2023/24 to 16.0 percent in 2026/27. Corn used for ethanol is expected to decline slightly over the projection period.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/15335-usda-agricultural-projections-to-2032-focus-on-corn-soybeans-farm-policy-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising stocks-to-use and slightly declining ethanol corn use point to looser corn balance sheets over time, which is bearish for corn prices in the medium term.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.6% | -3.5% |
| CORN | 2024-08-13 | [USDA Projects Record Soybean, Corn Yields - Farm Policy News](https://feedsoft.ai/events/10469-usda-projects-record-soybean-corn-yields-farm-policy-news.md) | -1.2% | +0.1% |
| CORN | 2022-11-30 | [USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports - Farm Policy News](https://feedsoft.ai/events/38741-usda-lowers-fy-2023-forecast-for-u-s-agricultural-exports-farm-policy-news.md) | -3.9% | +1.9% |
| CORN | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -8.8% | -9.3% |
| CORN | 2020-02-20 | [USDA's acreage, price projections for 2020 - Brownfield Ag News](https://feedsoft.ai/events/54627-usda-s-acreage-price-projections-for-2020-brownfield-ag-news.md) | -2.4% | -7.1% |
| SOY | 2025-02-28 | [US soybeans production to fall in next marketing year: USDA](https://feedsoft.ai/events/26096-us-soybeans-production-to-fall-in-next-marketing-year-usda.md) | -0.9% | -0.6% |
| SOY | 2023-08-11 | [August WASDE cuts export expectations for corn, soybeans and wheat - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12249-august-wasde-cuts-export-expectations-for-corn-soybeans-and-wheat-agweek-1.md) | -5.3% | -4.4% |
| SOY | 2025-09-18 | [USDA lowers corn, soybean yield forecasts – AgriNews](https://feedsoft.ai/events/13055-usda-lowers-corn-soybean-yield-forecasts-agrinews.md) | -3.3% | -3.6% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2023/02/usda-agricultural-projections-to-2032-focus-on-corn-soybeans/

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