# Soybeans, corn down on bearish USDA numbers - Brownfield Ag News

> Soybeans and corn fell on Tuesday after the USDA raised U.S. production, yield and new-crop ending stocks above expectations. Soybeans dropped below $12 a bushel on fund and technical selling, and soybean meal and oil also declined. Corn production and yield rose when most analysts expected a cut, and corn closed near session lows.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/44489-soybeans-corn-down-on-bearish-usda-numbers-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Bigger-than-expected crops and stocks lower feed corn and soybean meal values, which reduces feed ingredient costs for buyers in the near term.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-corn-down-on-bearish-usda-numbers/

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