# USDA: corn, soybean production up in 2020 - Brownfield Ag News

> USDA reported 2020 U.S. corn production at 14.183 billion bushels, up 4% from 2019 but more than a billion bushels below its first estimate. Average corn yield was 172 bpa and soybean production rose 16% from 2019 but was 289 million bushels below the first estimate.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/49002-usda-corn-soybean-production-up-in-2020-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Production well below earlier projections tightens feed grain and soybean supplies. This supports prices for corn, soybeans and the meals made from them.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-03-29 | [Soybeans down, corn up after USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/72023-soybeans-down-corn-up-after-usda-numbers-brownfield-ag-news.md) | +0.8% | +0.4% |
| CORN | 2023-09-07 | [Allendale yield survey shows lower corn, soybean production - Brownfield Ag News](https://feedsoft.ai/events/13249-allendale-yield-survey-shows-lower-corn-soybean-production-brownfield-ag-news.md) | -1.2% | -6.8% |
| CORN | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | -6.8% | -0.4% |
| CORN | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.9% | +0.3% |
| CORN | 2019-09-30 | [Corn, soybeans up on USDA numbers, weekend weather - Brownfield Ag News](https://feedsoft.ai/events/57014-corn-soybeans-up-on-usda-numbers-weekend-weather-brownfield-ag-news.md) | -0.9% | +1.1% |
| SOY | 2023-09-07 | [Allendale yield survey shows lower corn, soybean production - Brownfield Ag News](https://feedsoft.ai/events/13249-allendale-yield-survey-shows-lower-corn-soybean-production-brownfield-ag-news.md) | -1.8% | -6.4% |
| SOY | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | +0.3% | +5.6% |
| SOY | 2017-02-08 | [Soybeans, corn, wheat up ahead of USDA numbers - Brownfield Ag News](https://feedsoft.ai/events/8600-soybeans-corn-wheat-up-ahead-of-usda-numbers-brownfield-ag-news.md) | +0.2% | -3.0% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usda-corn-soybean-production-up-in-2020/

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