USDA Lowers Corn Production, Increases Soybean Production in August Reports

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Dec 8, 2023USDA Lowers Brazilian Soybean Production, Increases Exports-2.7%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-1.6%
• Jul 12, 2018USDA Bumps Corn and Soybean Production, Drops Soybean Exports+2.9%
• May 10, 2024USDA Lowers Estimates for Brazil Corn and Soy Production+2.4%
• Jan 12, 2021USDA: corn, soybean production up in 2020 - Brownfield Ag News+5.8%

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Nov 9, 2022November USDA Report Increases Corn and Soybean Production+0.9%
• Jan 12, 2017Corn and Soybean Production Up in 2016, USDA Reports+6.7%
• Jul 12, 2018USDA Bumps Corn and Soybean Production, Drops Soybean Exports+1.5%
• Sep 12, 2025USDA Ups Corn and Soybean Production Estimates+2.2%
• Sep 1, 2022Conab forecasts increased soybean, corn, and cotton production in Brazil-2.5%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Sep 12, 2025USDA Ups Corn and Soybean Production Estimates-1.4%
• Sep 1, 2022Conab forecasts increased soybean, corn, and cotton production in Brazil-4.6%
• Nov 9, 2016Corn, soybean markets drop after USDA hikes production-2.3%
• Aug 10, 2017USDA Forecasts Record-High Soybean Production in 2017-3.9%
• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+7.1%