# USDA surprise report is a market game changer - HighLine Grain Growers, Inc

> Markets ended the week strong after USDA's August report cut corn yield 5 bushels per acre, reducing supply by 415 million bushels, and soybean yield 0.8 bushel per acre, reducing supply by 66 million bushels. USDA also cut Brazil's corn crop to 87 million tonnes, lowering exportable supplies by over 10 million tonnes.

- Date: 2021-08-13 · published 2021-08-13T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/45504-usda-surprise-report-is-a-market-game-changer-highline-grain-growers-inc
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower U.S. and Brazilian corn supplies and reduced export availability support corn prices, and the demand adjustments in USDA's balance sheet raise the risk of further tightening.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2022-03-10 | [Impacts of Russia-Ukraine War On Grain Markets Detailed In USDA Report \| Hoosier Ag Today](https://feedsoft.ai/events/42325-impacts-of-russia-ukraine-war-on-grain-markets-detailed-in-usda-report-hoosier.md) | +2.5% | +11.8% |
| CORN | 2022-02-09 | [February 2022 WASDE Report Holds Few Surprises, but Grain Markets Surge](https://feedsoft.ai/events/14057-february-2022-wasde-report-holds-few-surprises-but-grain-markets-surge.md) | +0.5% | +15.2% |
| CORN | 2025-01-10 | [USDA Reports a Game Changer, as Corn and Soybean Yields are Slashed](https://feedsoft.ai/events/13117-usda-reports-a-game-changer-as-corn-and-soybean-yields-are-slashed.md) | +3.2% | +5.6% |
| CORN | 2021-06-10 | [Corn stocks cut in USDA WASDE report - Grainews](https://feedsoft.ai/events/46509-corn-stocks-cut-in-usda-wasde-report-grainews.md) | -1.8% | -2.6% |
| SOY | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -1.7% | -0.5% |
| SOY | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.5% | +14.1% |
| SOY | 2024-07-15 | [USDA report highlights Mexico's soybean meal import surge \| Feed & Grain](https://feedsoft.ai/events/29389-usda-report-highlights-mexico-s-soybean-meal-import-surge-feed-and-grain.md) | -3.3% | -9.4% |

## Sources

- highlinegrain.com: https://highlinegrain.com/story-usda-surprise-report-market-game-changer-22-216899

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