USDA Cuts Corn Yield to 178.5 Bu., Nudges Soybeans Slightly Higher in September Report

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Oct 12, 2022USDA Lowers Corn, Soybean Yields Slightly+1.9%
• Jan 12, 2021USDA numbers send corn, soybeans, wheat higher - Brownfield Ag News+5.8%
• Mar 31, 2022USDA Report Bullish for Corn, Bearish for Soybeans+4.1%
• Sep 12, 2025Corn and Soybeans Rally on USDA Yield Cuts, China Hopes: Are Further Cuts Coming? - AgWeb+5.1%
• Jan 10, 2025USDA Reports a Game Changer, as Corn and Soybean Yields are Slashed+3.2%

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.

• Sep 12, 2018USDA Pushes Corn, Soybean Yield Estimates Higher-0.8%
• Aug 12, 2020USDA forecasts record high corn, soybean yields+3.9%
• Nov 9, 2022November USDA Report Increases Corn and Soybean Production+0.9%
• Mar 31, 2022USDA Report Bullish for Corn, Bearish for Soybeans-2.7%
• Jan 12, 2024Corn and Soybean Prices Tank After USDA Report Makes Surprising Revisions to Yield - AgWeb-1.5%