# USDA Lowers Corn and Soybean Forecasts | AgWired

> USDA's September WASDE cut 2020 corn production 378 million bushels to 14.9 billion on lower yield and harvested area, while soybean production fell 112 million bushels to 4.3 billion on a 51.9 bpa yield. Corn ethanol use was cut 100 million bushels on weak gasoline demand, and corn exports were raised 100 million bushels; soybean ending stocks fell 150 million bushels to 460 million.

- Date: 2020-09-11 · published 2020-09-11T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/50974-usda-lowers-corn-and-soybean-forecasts-agwired
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [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

Lower corn and soybean supplies and reduced ending stocks tighten feed grain and soybean meal availability, supporting prices, while higher corn exports add demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- DDGS: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-09-18 | 5 | +6.7% | 2.9 | USDA cut soybean production by 112 mil bu on a lower yield and lowered ending stocks by 150 mil bu, tightening US supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-12 | [USDA Lowers Corn and Soybean Yields](https://feedsoft.ai/events/39551-usda-lowers-corn-and-soybean-yields.md) | -2.7% | -8.2% |
| SOY | 2023-10-12 | [USDA Further Trims Its Forecasts for US Corn and Soybeans](https://feedsoft.ai/events/13238-usda-further-trims-its-forecasts-for-us-corn-and-soybeans.md) | +4.7% | +7.7% |
| 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 | 2020-11-10 | [USDA Lowers Corn, Soybean and Wheat Ending Stocks](https://feedsoft.ai/events/50091-usda-lowers-corn-soybean-and-wheat-ending-stocks.md) | +4.4% | +3.7% |
| 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% |
| CORN | 2019-11-12 | [WASDE Lowers Wheat, Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/56021-wasde-lowers-wheat-corn-and-soybean-forecasts-agwired.md) | -0.5% | -2.9% |
| CORN | 2022-09-12 | [USDA Lowers Corn and Soybean Yields](https://feedsoft.ai/events/39551-usda-lowers-corn-and-soybean-yields.md) | -1.1% | -1.5% |
| CORN | 2021-01-13 | [USDA Lowers Soybean Stocks and Corn Yield](https://feedsoft.ai/events/49088-usda-lowers-soybean-stocks-and-corn-yield.md) | +2.0% | +7.5% |

## Sources

- agwired.com: https://agwired.com/2020/09/14/usda-lowers-corn-and-soybean-forecasts/
- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/09/11/usda-releases-september-crop-wasde?referrer=twitter

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