# High Plains Ag Week - 8/24/23 - Feed Grains Update - Ag Economics on the Plains

> The High Plains Ag Week feed grains update reviews the August WASDE, which cut the expected corn yield by 2.4 bushels per acre and production by 209 million bushels. Cash prices for corn, sorghum and wheat have fallen over the past year but remain near pre-Ukraine-invasion levels.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/34653-high-plains-ag-week-8-24-23-feed-grains-update-ag-economics-on-the-plains
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A smaller US corn crop tightens supplies for feed buyers and supports corn prices, though lower cash prices limit the rally. Sorghum is priced in step with corn as a feed substitute.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-14 | [Economic downturn in US coarse grains market \| Feed & Grain](https://feedsoft.ai/events/27467-economic-downturn-in-us-coarse-grains-market-feed-and-grain.md) | +0.2% | +0.4% |
| CORN | 2017-05-12 | [Dairy Economic Update: Less milk forecast -  \| Ag Proud](https://feedsoft.ai/events/71017-dairy-economic-update-less-milk-forecast-ag-proud.md) | -0.3% | +3.4% |
| CORN | 2020-07-15 | [Federal Reserve: Observations on the Ag Economy- July 2020](https://feedsoft.ai/events/5293-federal-reserve-observations-on-the-ag-economy-july-2020.md) | -2.3% | -3.2% |
| CORN | 2021-04-14 | [Federal Reserve: Observations on the Ag Economy- April 2021](https://feedsoft.ai/events/47518-federal-reserve-observations-on-the-ag-economy-april-2021.md) | +1.8% | +23.6% |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |

## Sources

- agrilife.org: https://agrilife.org/agecon/high-plains-ag-week-8-24-23-feed-grains-update/

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