# USDA Sees Record Corn Yield in Friday's Latest Reports

> USDA's January 12 reports set the 2023 U.S. corn yield at a record 177.3 bushels per acre, well above pre-report expectations, with production at 15.34 billion bushels. Soybean yield rose to 50.6 bushels per acre and production to 4.17 billion bushels.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/32068-usda-sees-record-corn-yield-in-friday-s-latest-reports
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record corn crop and larger soybean output above expectations add supply, which weighs on feed grain and meal prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-08-10 | [USDA Sees Record Corn Yield in 2018](https://feedsoft.ai/events/63480-usda-sees-record-corn-yield-in-2018.md) | -7.5% | -9.1% |
| CORN | 2024-09-12 | [USDA Forecasts Record Corn Yield of 183.6 BPA in September Report](https://feedsoft.ai/events/28256-usda-forecasts-record-corn-yield-of-183-6-bpa-in-september-report.md) | +4.9% | +5.1% |
| CORN | 2020-07-10 | [U.S. Corn, Soybean Yield Estimates Unchanged, USDA Reports](https://feedsoft.ai/events/11494-u-s-corn-soybean-yield-estimates-unchanged-usda-reports.md) | -4.9% | -7.5% |
| CORN | 2025-08-12 | [USDA Predicts Record Corn Crop in Latest WASDE Report - Northern Ag Network](https://feedsoft.ai/events/23281-usda-predicts-record-corn-crop-in-latest-wasde-report-northern-ag-network.md) | +0.0% | +4.3% |
| CORN | 2024-06-28 | [Corn Falls on Friday as USDA Reports Larger Acreage and Stocks](https://feedsoft.ai/events/29803-corn-falls-on-friday-as-usda-reports-larger-acreage-and-stocks.md) | -0.3% | -0.9% |
| SOY | 2018-08-10 | [USDA Sees Record Corn Yield in 2018](https://feedsoft.ai/events/63480-usda-sees-record-corn-yield-in-2018.md) | -0.3% | -6.3% |
| SOY | 2020-08-12 | [USDA forecasts record high corn, soybean yields](https://feedsoft.ai/events/51457-usda-forecasts-record-high-corn-soybean-yields.md) | +3.9% | +11.6% |
| SOY | 2024-12-10 | [USDA forecasts lower US wheat stocks, raises corn exports in latest WASDE report \| Feed & Grain](https://feedsoft.ai/events/26902-usda-forecasts-lower-us-wheat-stocks-raises-corn-exports-in-latest-wasde-report.md) | -0.8% | -0.3% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/01/12/usda-releases-january-crop-wasde-dec-2

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