# PF Reaction to USDA's Reports | November 8, 2024 - Pro Farmer

> Pro Farmer's reaction to the November 8 USDA reports says U.S. soybean production and ending stocks came in below expectations. Corn output was cut 60 million bushels, with yield cut in Illinois, Iowa and Missouri and raised in Indiana and North Dakota. Futures were trading mixed to slightly higher after the release.

- Date: 2024-11-08 · published 2024-11-08T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/27341-pf-reaction-to-usda-s-reports-november-8-2024-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The smaller U.S. corn and soybean crops support feed-grain and soymeal values. The state-level yield changes point to where supply is tightest.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +3.1% | -3.3% |
| CORN | 2023-09-29 | [PF Report Reaction: Markets react negatively to Sept. 29 data - Pro Farmer](https://feedsoft.ai/events/34113-pf-report-reaction-markets-react-negatively-to-sept-29-data-pro-farmer.md) | +1.9% | +0.9% |
| CORN | 2022-03-31 | [PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer](https://feedsoft.ai/events/42295-pf-report-reaction-corn-soybean-planting-intentions-shock-markets-pro-farmer.md) | +4.1% | +5.9% |
| CORN | 2024-08-23 | [How Pro Farmer's 2024 Yield Estimates Compare to USDA Expectations - AgWeb](https://feedsoft.ai/events/13162-how-pro-farmer-s-2024-yield-estimates-compare-to-usda-expectations-agweb.md) | +0.2% | +6.1% |
| CORN | 2026-05-12 | [Report Reaction \| Wheat futures surge after USDA pegs production well below trade expectations - Pro Farmer](https://feedsoft.ai/events/10791-report-reaction-wheat-futures-surge-after-usda-pegs-production-well-below-trade.md) | +1.8% | -7.2% |
| SOY | 2023-06-30 | [PF Report Reaction: Acreage shocker from USDA - Pro Farmer](https://feedsoft.ai/events/35512-pf-report-reaction-acreage-shocker-from-usda-pro-farmer.md) | +0.2% | +0.3% |
| SOY | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +2.6% | +2.4% |
| SOY | 2021-11-10 | [PF Report Reaction: USDA unexpectedly trims its soybean crop estimate - Pro Farmer](https://feedsoft.ai/events/13412-pf-report-reaction-usda-unexpectedly-trims-its-soybean-crop-estimate-pro-farmer.md) | +4.3% | +5.1% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-reaction-usdas-reports-november-8-2024

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