# Grain market improves amid reduced crop estimate - AgriLife Today

> Texas grain prices improved from midsummer levels after USDA's September report cut the national corn yield estimate to 178.5 bushels per acre from 181.8 in August. The yield remains a record, and the report followed a hot, dry August and Iowa windstorm damage.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51170-grain-market-improves-amid-reduced-crop-estimate-agrilife-today
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

The lower USDA corn yield tightens the outlook for corn supplies and supports corn feed prices, though a record yield limits the upside.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-25 | [EU slashes maize crop forecast again, increases wheat harvest estimate \| Reuters](https://feedsoft.ai/events/39992-eu-slashes-maize-crop-forecast-again-increases-wheat-harvest-estimate-reuters.md) | +1.2% | +1.0% |
| CORN | 2022-03-10 | [Impacts of Russia-Ukraine War On Grain Markets Detailed In USDA Report \| Hoosier Ag Today](https://feedsoft.ai/events/42325-impacts-of-russia-ukraine-war-on-grain-markets-detailed-in-usda-report-hoosier.md) | +2.5% | +11.8% |
| CORN | 2021-01-26 | [Ag Markets Continue to Rebound Higher \| Feed & Grain](https://feedsoft.ai/events/49075-ag-markets-continue-to-rebound-higher-feed-and-grain.md) | +5.1% | +1.5% |
| CORN | 2024-08-12 | [U.S. grains: Soybeans fall to four-year low on record U.S. crop estimate - Manitoba Co-operator](https://feedsoft.ai/events/10466-u-s-grains-soybeans-fall-to-four-year-low-on-record-u-s-crop-estimate-manitoba.md) | -1.6% | +1.4% |
| CORN | 2020-10-13 | [Grain market update \| Saxo](https://feedsoft.ai/events/11789-grain-market-update-saxo.md) | +2.6% | +4.2% |

## Sources

- agrilifetoday.tamu.edu: https://agrilifetoday.tamu.edu/2020/09/15/grain-market-improves-amid-reduced-crop-estimate/

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