# Corn and Soybean Prices Tank After USDA Report Makes Surprising Revisions to Yield - AgWeb

> Corn and soybean prices fell sharply on January 12 after USDA raised its final 2023 corn yield to a record 177.3 bushels per acre and soybean yields as well. The yield increases were larger than trade expectations, though USDA also raised demand estimates.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/32065-corn-and-soybean-prices-tank-after-usda-report-makes-surprising-revisions-to
- 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

Bigger-than-expected yields boost supply and push feed grain and soybean meal prices lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-08-13 | [USDA crop report: Corn yields soar, soybean prices rise](https://feedsoft.ai/events/23278-usda-crop-report-corn-yields-soar-soybean-prices-rise.md) | +1.4% | +6.1% |
| CORN | 2026-09-30 | [US corn and soybeans prices fall sharply after USDA stocks surprise \| S&P Global](https://feedsoft.ai/events/17402-us-corn-and-soybeans-prices-fall-sharply-after-usda-stocks-surprise-s-and-p.md) | -0.5% | -6.2% |
| CORN | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | -7.1% | -4.6% |
| CORN | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +3.0% | +4.1% |
| CORN | 2022-11-09 | [November USDA Report Increases Corn and Soybean Production](https://feedsoft.ai/events/38642-november-usda-report-increases-corn-and-soybean-production.md) | +1.6% | -5.7% |
| SOY | 2023-09-15 | [USDA report triggers corn and soybean price drop, wheat remai ...](https://feedsoft.ai/events/34044-usda-report-triggers-corn-and-soybean-price-drop-wheat-remai.md) | -3.7% | -4.0% |
| SOY | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +0.6% | +1.6% |
| SOY | 2022-11-09 | [November USDA Report Increases Corn and Soybean Production](https://feedsoft.ai/events/38642-november-usda-report-increases-corn-and-soybean-production.md) | +0.9% | +1.9% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/corn-and-soybean-prices-tank-after-usda-report-makes-surprising-revisions-yield

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