# Smaller crops, higher prices for corn, soy | 2020-11-25  | Food Business News

> USDA's November 10 report cut US 2020 soybean and corn production and carryover forecasts below pre-report trade expectations. Harvests came in smaller than expected, and prices stayed at multi-year highs, with soybeans at four-year highs.

- Date: 2020-11-25 · published 2020-11-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50171-smaller-crops-higher-prices-for-corn-soy-2020-11-25-food-business-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Very low projected 2021 soybean stocks-to-use keeps soybean and corn prices firm, raising feed costs for buyers heading into 2021.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-07 | [High soy and corn prices affect Lysine market - Food & Agribusiness](https://feedsoft.ai/events/47937-high-soy-and-corn-prices-affect-lysine-market-food-and-agribusiness.md) | -2.1% | +11.2% |
| SOY | 2017-02-24 | [USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017](https://feedsoft.ai/events/72340-usda-forum-usda-sees-smaller-corn-soybean-and-wheat-crops-in-2017.md) | +1.5% | -2.0% |
| SOY | 2018-04-10 | [U.S. soybean carryover down from March, wheat and corn up \| 2018-04-10  \| Food Business News](https://feedsoft.ai/events/65482-u-s-soybean-carryover-down-from-march-wheat-and-corn-up-2018-04-10-food.md) | -0.5% | -4.3% |
| SOY | 2022-06-10 | [USDA Sees Smaller Soybean Stocks for Old and New Crops](https://feedsoft.ai/events/40896-usda-sees-smaller-soybean-stocks-for-old-and-new-crops.md) | -3.4% | -7.2% |
| SOY | 2022-09-13 | [Will smaller U.S. corn, soy crops shrink even further yet?](https://feedsoft.ai/events/13329-will-smaller-u-s-corn-soy-crops-shrink-even-further-yet.md) | -5.7% | -11.3% |
| CORN | 2021-04-07 | [High soy and corn prices affect Lysine market - Food & Agribusiness](https://feedsoft.ai/events/47937-high-soy-and-corn-prices-affect-lysine-market-food-and-agribusiness.md) | +2.8% | +25.3% |
| CORN | 2019-01-01 | [Fertilizer Prices Higher for 2019 Crop - ProAg](https://feedsoft.ai/events/61392-fertilizer-prices-higher-for-2019-crop-proag.md) | +1.4% | +1.8% |
| CORN | 2019-06-28 | [Higher priced corn challenging cattle prices \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/9501-higher-priced-corn-challenging-cattle-prices-iowa-agribusiness-radio-network.md) | -2.0% | -4.5% |

## Sources

- foodbusinessnews.net: https://www.foodbusinessnews.net/articles/17374-smaller-crops-higher-prices-for-corn-soy

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