# 2023 corn sets yield record, 2024 may surpass

> The 2023 U.S. corn crop set a record of 15.234 billion bushels despite widespread drought, topping the 2016 record. Total supply for 2023/24 is up 10%, while use rose only 5%, lifting ending stocks to 54.4 days of use. The season-average farm price fell 25% to $4.85 per bushel.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32182-2023-corn-sets-yield-record-2024-may-surpass
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large carry-in stocks and a bigger supply cushion point to lower corn prices unless 2024 production or demand shifts sharply. Feed buyers should expect ample, cheap corn supply.

## Read by commodity

- CORN: bearish ▼

## 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 | 2017-11-09 | [Record U.S. corn yield casts bearish spell on markets](https://feedsoft.ai/events/67932-record-u-s-corn-yield-casts-bearish-spell-on-markets.md) | -1.8% | -0.8% |
| CORN | 2024-01-17 | [2023 Corn and Soybean Yields](https://feedsoft.ai/events/13212-2023-corn-and-soybean-yields.md) | +0.2% | -4.9% |
| CORN | 2024-01-12 | [USDA Sees Record Corn Yield in Friday's Latest Reports](https://feedsoft.ai/events/32068-usda-sees-record-corn-yield-in-friday-s-latest-reports.md) | -0.9% | -5.5% |
| CORN | 2016-12-06 | [Record yields](https://feedsoft.ai/events/73328-record-yields.md) | +1.5% | -0.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/grains/2023-corn-sets-yield-record-2024-may-surpass

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