# USDA lowers price expectations – AgriNews

> The USDA's January 12 supply and demand report raised US corn production to a record 15.3 billion bushels on a record yield of 177.3 bushels per acre. Corn stocks rose 31 million bushels to 2.162 billion, and the season-average price was lowered to $4.80 per bushel.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/32155-usda-lowers-price-expectations-agrinews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher US corn supplies and ending stocks point to lower domestic corn prices and more feed availability for buyers.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-02-10 | [USDA Defies Expectations by Lowering Corn Ending Stocks](https://feedsoft.ai/events/20544-usda-defies-expectations-by-lowering-corn-ending-stocks.md) | +2.1% | +6.9% |
| SOY | 2024-09-24 | [USDA hikes record yield projections – AgriNews](https://feedsoft.ai/events/13153-usda-hikes-record-yield-projections-agrinews.md) | +1.7% | -5.6% |
| SOY | 2022-10-05 | [Pro Farmer Crop Estimates Far Below USDA Expectations - AgWeb](https://feedsoft.ai/events/13325-pro-farmer-crop-estimates-far-below-usda-expectations-agweb.md) | -0.5% | +3.8% |
| SOY | 2025-09-18 | [USDA lowers corn, soybean yield forecasts – AgriNews](https://feedsoft.ai/events/13055-usda-lowers-corn-soybean-yield-forecasts-agrinews.md) | -3.3% | -3.6% |
| SOY | 2020-09-15 | [USDA report lowers expected national yields - Morning Ag Clips](https://feedsoft.ai/events/50970-usda-report-lowers-expected-national-yields-morning-ag-clips.md) | +0.3% | +1.4% |
| CORN | 2024-09-24 | [USDA hikes record yield projections – AgriNews](https://feedsoft.ai/events/13153-usda-hikes-record-yield-projections-agrinews.md) | +1.7% | -0.8% |
| CORN | 2025-09-18 | [USDA lowers corn, soybean yield forecasts – AgriNews](https://feedsoft.ai/events/13055-usda-lowers-corn-soybean-yield-forecasts-agrinews.md) | -0.6% | -2.4% |
| CORN | 2025-10-08 | [Corn, wheat stocks higher than trade expectations – AgriNews](https://feedsoft.ai/events/22330-corn-wheat-stocks-higher-than-trade-expectations-agrinews.md) | -1.1% | +0.7% |

## Sources

- agrinews-pubs.com: https://www.agrinews-pubs.com/business/2024/01/16/usda-lowers-price-expectations/

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