# Corn and Soybean Prices Collapse Due to Big Crop Estimates

> Corn and soybean futures fell sharply on September 30 after USDA's August estimates showed record corn yield of 183.1 bushels per acre and a record 4.589 billion bushel soybean crop. December corn at $3.90 and November soybeans at $9.60 were both about 18-19% below USDA's estimated cost of production.

- Date: 2024-10-01 · published 2024-10-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/27882-corn-and-soybean-prices-collapse-due-to-big-crop-estimates
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large crop projections and higher ending stocks point to a lower long-term price range, lowering feed ingredient costs for buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +2.3% | -5.5% |
| CORN | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +5.1% | +3.6% |
| CORN | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -2.0% | -4.4% |
| CORN | 2025-11-14 | [USDA Lowers Corn and Soybean Production Estimates](https://feedsoft.ai/events/21885-usda-lowers-corn-and-soybean-production-estimates.md) | -0.8% | -0.3% |
| CORN | 2018-08-08 | [Bigger crop estimates send soybeans, corn lower - Brownfield Ag News](https://feedsoft.ai/events/8653-bigger-crop-estimates-send-soybeans-corn-lower-brownfield-ag-news.md) | -8.2% | -9.1% |
| SOY | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +5.1% | -2.4% |
| SOY | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +2.2% | +0.7% |
| SOY | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | +0.2% | +2.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/10/01/corn-soybean-prices-collapse-due-big

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