# USDA Expects Record-High Corn Yield

> USDA raised its 2021-22 US corn yield to a record 177 bushels per acre, lifting production to 15.062 billion bushels. It also cut the soybean yield by 0.3 bpa, leaving soybean production at 4.42 billion bushels, and raised ethanol use of corn.

- Date: 2021-11-09 · published 2021-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/43999-usda-expects-record-high-corn-yield
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record corn crop is supportive for feed supply, but higher ethanol use keeps corn balances tight. The soybean yield cut is bullish for soy and soymeal prices.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-05-22 | [Grain exports set to hit record high: USDA - Splash247](https://feedsoft.ai/events/71200-grain-exports-set-to-hit-record-high-usda-splash247.md) | +1.0% | +2.3% |
| CORN | 2018-03-09 | [Record 2017 corn yields in Minnesota](https://feedsoft.ai/events/65854-record-2017-corn-yields-in-minnesota.md) | +1.9% | +4.1% |
| CORN | 2016-09-12 | [USDA Still Sees Record Corn, Soybean Crops](https://feedsoft.ai/events/10185-usda-still-sees-record-corn-soybean-crops.md) | +1.6% | +4.4% |
| CORN | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.8% | +9.0% |
| CORN | 2022-07-18 | [What Happens When USDA Updates Yield Expectations? - farmdoc daily](https://feedsoft.ai/events/13348-what-happens-when-usda-updates-yield-expectations-farmdoc-daily.md) | -4.0% | +0.7% |
| SOY | 2022-07-12 | [USDA Expects Higher Corn Supplies](https://feedsoft.ai/events/40429-usda-expects-higher-corn-supplies.md) | -8.8% | -1.3% |
| SOY | 2019-04-09 | [USDA Expects Larger Corn Stocks](https://feedsoft.ai/events/11376-usda-expects-larger-corn-stocks.md) | -0.0% | -9.0% |
| SOY | 2023-11-01 | [U.S. Soybean Meal Exports Expected to Reach Record High](https://feedsoft.ai/events/33689-u-s-soybean-meal-exports-expected-to-reach-record-high.md) | +4.8% | +4.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/11/09/usda-releases-november-crop-wasde

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