# Bumper U.S. Corn and Soybean Harvests Are Within Reach

> USDA's Acreage report shows the US planting 2% more corn and 5% more soybean area than last year. The corn crop is headed for a record harvest and soybeans for the third-largest crop. Wheat plantings rose 5% but remain the fourth lowest on record.

- Date: 2021-07-01 · published 2021-07-01T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/45919-bumper-u-s-corn-and-soybean-harvests-are-within-reach
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A record corn crop and larger soybean supply would replenish inventories and weigh on feed grain and soymeal prices, though strong domestic and export demand limits the downside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.6% | -0.3% |
| CORN | 2023-12-01 | [Iowa Finishes Corn and Soybean Harvest With Optimistic Yield Results - ProAg](https://feedsoft.ai/events/13221-iowa-finishes-corn-and-soybean-harvest-with-optimistic-yield-results-proag.md) | +2.4% | +3.9% |
| CORN | 2020-04-30 | [Numbers for the 2019/20 soybean and corn harvests are reviewed by Datagro - Revista Cultivar](https://feedsoft.ai/events/53473-numbers-for-the-2019-20-soybean-and-corn-harvests-are-reviewed-by-datagro.md) | +1.9% | +2.3% |
| CORN | 2017-11-21 | [Iowa harvests its second-largest corn, soybean crops](https://feedsoft.ai/events/67836-iowa-harvests-its-second-largest-corn-soybean-crops.md) | -1.3% | +5.0% |
| CORN | 2017-08-14 | [Brazil: Estimates for corn and soybean crop are raised again](https://feedsoft.ai/events/69285-brazil-estimates-for-corn-and-soybean-crop-are-raised-again.md) | -2.0% | -4.4% |
| SOY | 2017-04-06 | [Brazil To Harvest Record Corn And Soybean Yields](https://feedsoft.ai/events/71350-brazil-to-harvest-record-corn-and-soybean-yields.md) | +0.4% | +2.2% |
| SOY | 2023-12-01 | [Iowa Finishes Corn and Soybean Harvest With Optimistic Yield Results - ProAg](https://feedsoft.ai/events/13221-iowa-finishes-corn-and-soybean-harvest-with-optimistic-yield-results-proag.md) | -2.3% | -3.7% |
| SOY | 2017-11-21 | [Iowa harvests its second-largest corn, soybean crops](https://feedsoft.ai/events/67836-iowa-harvests-its-second-largest-corn-soybean-crops.md) | +0.3% | -3.4% |

## Sources

- agriculture.com: https://www.agriculture.com/news/crops/bumper-us-corn-and-soybean-harvests-are-within-reach

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