# Surprise USDA corn yield upgrade leads to record-large corn crop

> USDA's November WASDE raised corn yields and soybean yields, producing a record-large 2023 U.S. corn crop. Soybean production rose 25 million bushels, but the crop remains only the seventh largest on record, and ending stocks rose for both crops.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/33116-surprise-usda-corn-yield-upgrade-leads-to-record-large-corn-crop
- 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

A record corn crop and higher soybean ending stocks lower the price outlook for feed grains and soybean products. Dec corn and Jan soybeans fell sharply after the release.

## 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 | 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 | 2026-02-03 | [Record US Corn Crop Based on Yield, Acreage](https://feedsoft.ai/events/13020-record-us-corn-crop-based-on-yield-acreage.md) | +0.6% | +1.8% |
| CORN | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -5.3% | -1.0% |
| CORN | 2020-08-12 | [USDA Expects Record Corn Crop](https://feedsoft.ai/events/51548-usda-expects-record-corn-crop.md) | +3.8% | +8.3% |
| 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 | 2025-02-27 | [USDA Forecasts Record Corn Crop, Larger Soybean Crop for 2025-26](https://feedsoft.ai/events/13114-usda-forecasts-record-corn-crop-larger-soybean-crop-for-2025-26.md) | -2.6% | -2.3% |
| SOY | 2020-08-12 | [USDA Expects Record Corn Crop](https://feedsoft.ai/events/51548-usda-expects-record-corn-crop.md) | +3.9% | +11.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/surprise-usda-corn-yield-upgrade-leads-to-record-large-corn-crop

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