USDA raises corn and soy yield forecasts, pushing down price expectations

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Aug 10, 2017Bearish USDA crop report shakes corn and soybean sectors | 2017-08-10 | Agri-Pulse | Agri-Pulse Communications, Inc.-4.5%
• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.+0.0%
• May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.-1.8%
• Nov 30, 2022US cuts billions of dollars off of FY 23 ag export forecast | 2022-11-29 | Agri-Pulse Communications, Inc.-3.9%
• Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-6.0%

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.

• Mar 9, 2021Corn, soy, wheat ending stocks hold steady for March | 2021-03-09 | Agri-Pulse Communications, Inc.-1.3%
• Aug 10, 2017Bearish USDA crop report shakes corn and soybean sectors | 2017-08-10 | Agri-Pulse | Agri-Pulse Communications, Inc.-4.3%
• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.-0.5%
• Nov 30, 2022US cuts billions of dollars off of FY 23 ag export forecast | 2022-11-29 | Agri-Pulse Communications, Inc.-0.3%
• Jun 12, 2024WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.-0.3%

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.

• Aug 10, 2017Bearish USDA crop report shakes corn and soybean sectors | 2017-08-10 | Agri-Pulse | Agri-Pulse Communications, Inc.-3.9%
• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.+0.3%
• Jan 1, 2018Large Corn and Soybean Yield Forecasts Hurt Price Prospects+1.6%
• Jan 13, 2026Daybreak Jan. 13: Soybean growers let down by crop report | Agri-Pulse Communications, Inc.-1.9%
• Aug 23, 2024How Pro Farmer's 2024 Yield Estimates Compare to USDA Expectations - AgWeb+1.2%