# USDA Lowers Corn Production, Increases Soybean Production in August Reports

> USDA cut the 2022 US corn crop by 146 million bushels to 14.35 billion, with yield lowered 1.6 bushels to 175.4 bpa. It raised soybean production 25 million bushels to 4.53 billion, with yield up 0.4 bushel to 51.9 bpa, against pre-report expectations.

- Date: 2022-08-12 · published 2022-08-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/39956-usda-lowers-corn-production-increases-soybean-production-in-august-reports
- 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 smaller corn crop tightens feed grain supply for buyers, while a larger soybean crop than expected weighs on soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-12-08 | [USDA Lowers Brazilian Soybean Production, Increases Exports](https://feedsoft.ai/events/32631-usda-lowers-brazilian-soybean-production-increases-exports.md) | -2.7% | -0.3% |
| CORN | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -1.6% | -2.3% |
| CORN | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +2.9% | +12.0% |
| CORN | 2024-05-10 | [USDA Lowers Estimates for Brazil Corn and Soy Production](https://feedsoft.ai/events/30215-usda-lowers-estimates-for-brazil-corn-and-soy-production.md) | +2.4% | +2.7% |
| CORN | 2021-01-12 | [USDA: corn, soybean production up in 2020 - Brownfield Ag News](https://feedsoft.ai/events/49002-usda-corn-soybean-production-up-in-2020-brownfield-ag-news.md) | +5.8% | +11.6% |
| SOY | 2022-11-09 | [November USDA Report Increases Corn and Soybean Production](https://feedsoft.ai/events/38642-november-usda-report-increases-corn-and-soybean-production.md) | +0.9% | +1.9% |
| SOY | 2017-01-12 | [Corn and Soybean Production Up in 2016, USDA Reports](https://feedsoft.ai/events/72836-corn-and-soybean-production-up-in-2016-usda-reports.md) | +6.7% | +4.7% |
| SOY | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +1.5% | +7.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/08/12/usda-releases-august-crop-production

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