# USDA Releases January Crop Production, WASDE, Dec. 1 Grain Stocks and Winter Wheat Seedings Reports

> USDA's January 12, 2024 report raised the final US corn yield to a record 177.3 bushels per acre, with production at 15.34 billion bushels, well above expectations. Soybean yield rose to 50.6 bushels per acre, with production of 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/32176-usda-releases-january-crop-production-wasde-dec-1-grain-stocks-and-winter-wheat
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Record corn and larger soybean supplies add to already ample stocks and are bearish for prices. The surprise yield increase reduces the feed grain cost pressure buyers face.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-02-08 | [Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported](https://feedsoft.ai/events/60450-soybean-production-up-in-2018-usda-reports-winter-wheat-seedings-and-grain.md) | +0.8% | -2.1% |
| CORN | 2018-01-12 | [Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported](https://feedsoft.ai/events/66841-corn-yield-and-soybean-production-up-in-2017-usda-reports-winter-wheat-seedings.md) | +1.7% | +3.5% |
| CORN | 2026-03-10 | [USDA Releases March Crop Production, WASDE Reports](https://feedsoft.ai/events/20107-usda-releases-march-crop-production-wasde-reports.md) | +3.2% | +2.8% |
| CORN | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +1.4% | +2.3% |
| CORN | 2020-01-10 | [Grain markets fall on WASDE, Crop Production Reports](https://feedsoft.ai/events/55018-grain-markets-fall-on-wasde-crop-production-reports.md) | -1.0% | -0.7% |
| SOY | 2019-02-08 | [Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported](https://feedsoft.ai/events/60450-soybean-production-up-in-2018-usda-reports-winter-wheat-seedings-and-grain.md) | -1.1% | -3.2% |
| SOY | 2018-01-12 | [Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported](https://feedsoft.ai/events/66841-corn-yield-and-soybean-production-up-in-2017-usda-reports-winter-wheat-seedings.md) | +3.9% | +4.5% |
| SOY | 2025-03-31 | [USDA reports mixed grain stocks, with wheat up and corn down](https://feedsoft.ai/events/25651-usda-reports-mixed-grain-stocks-with-wheat-up-and-corn-down.md) | -4.5% | +2.8% |

## Sources

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

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