# U.S. Corn and Soybean Production Down from September

> USDA's NASS October Crop Production report lowered U.S. corn and soybean production from September forecasts. Corn output was put at 14.7 billion bushels and soybeans at 4.27 billion bushels, with planted area revised slightly lower.

- Date: 2020-10-09 · published 2020-10-09T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/50491-u-s-corn-and-soybean-production-down-from-september
- 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

A smaller U.S. crop estimate tightens old-crop supplies for feed and crush users, supporting corn, soybean and meal prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -5.3% | -4.4% |
| SOY | 2019-09-12 | [USDA Lowers Corn, Soybean Production and Yield - ProAg](https://feedsoft.ai/events/9896-usda-lowers-corn-soybean-production-and-yield-proag.md) | +4.1% | +8.2% |
| SOY | 2023-01-12 | [Corn and soybean production down in 2022, USDA reports
Corn stocks down, soybean stocks down from year earlier
Winter Wheat Seedings up for 2023](https://feedsoft.ai/events/13303-corn-and-soybean-production-down-in-2022-usda-reports-corn-stocks-down-soybean.md) | -0.0% | +0.3% |
| SOY | 2024-09-12 | [Corn Production Pegged Higher, Soybeans Lower](https://feedsoft.ai/events/28253-corn-production-pegged-higher-soybeans-lower.md) | +3.5% | +4.1% |
| SOY | 2021-01-12 | [USDA: corn, soybean production up in 2020 - Brownfield Ag News](https://feedsoft.ai/events/49002-usda-corn-soybean-production-up-in-2020-brownfield-ag-news.md) | +0.8% | +2.0% |
| CORN | 2023-08-11 | [USDA Lowers Corn and Soybean Yields and Production](https://feedsoft.ai/events/12250-usda-lowers-corn-and-soybean-yields-and-production.md) | -1.6% | -2.3% |
| CORN | 2018-07-12 | [USDA Bumps Corn and Soybean Production, Drops Soybean Exports](https://feedsoft.ai/events/63997-usda-bumps-corn-and-soybean-production-drops-soybean-exports.md) | +2.9% | +12.0% |
| CORN | 2023-01-12 | [Corn and soybean production down in 2022, USDA reports
Corn stocks down, soybean stocks down from year earlier
Winter Wheat Seedings up for 2023](https://feedsoft.ai/events/13303-corn-and-soybean-production-down-in-2022-usda-reports-corn-stocks-down-soybean.md) | +2.2% | +2.2% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/14635-usda-drops-corn-production-soybean-stocks-in-wasde-report
- nass.usda.gov: https://www.nass.usda.gov/Newsroom/archive/2020/10-09-2020.php

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