# Record-Large Corn Crop, Higher Stockpiles Send Grain and Soy to Big Losses

> USDA's July WASDE raised US corn production to a record 15.32 billion bushels, above trader expectations, and lifted corn, soybean and wheat ending stocks. Markets fell sharply on the report, with November soybeans plunging in a volatile session.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/34981-record-large-corn-crop-higher-stockpiles-send-grain-and-soy-to-big-losses
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Bigger-than-expected corn and soybean stocks increase feed grain availability and pressure futures and meal prices lower.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-08 | [USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report](https://feedsoft.ai/events/36821-usda-crop-production-report-out-today-lower-soybean-ending-stocks-and-higher.md) | -1.6% | -0.6% |
| CORN | 2023-11-09 | [Surprise USDA corn yield upgrade leads to record-large corn crop](https://feedsoft.ai/events/33116-surprise-usda-corn-yield-upgrade-leads-to-record-large-corn-crop.md) | -1.5% | -1.0% |
| CORN | 2026-04-14 | [US corn stocks hit record high as global coarse grains production rises \| Feed & Grain](https://feedsoft.ai/events/19795-us-corn-stocks-hit-record-high-as-global-coarse-grains-production-rises-feed.md) | +2.3% | +5.3% |
| CORN | 2024-01-12 | [January WASDE: Higher U.S. Corn and Soy Yield and Stocks](https://feedsoft.ai/events/32060-january-wasde-higher-u-s-corn-and-soy-yield-and-stocks.md) | -0.9% | -5.5% |
| 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% |
| SOY | 2023-11-09 | [Surprise USDA corn yield upgrade leads to record-large corn crop](https://feedsoft.ai/events/33116-surprise-usda-corn-yield-upgrade-leads-to-record-large-corn-crop.md) | +2.7% | -2.8% |
| SOY | 2024-01-12 | [January WASDE: Higher U.S. Corn and Soy Yield and Stocks](https://feedsoft.ai/events/32060-january-wasde-higher-u-s-corn-and-soy-yield-and-stocks.md) | -1.5% | -3.9% |
| 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% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2023/07/12/record-large-corn-crop-higher-send

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