# Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts

> Pro Farmer estimates the 2020 U.S. corn crop at 14.820 billion bushels on a 177.5 bushel-per-acre average yield, down from USDA's August 181.8. The soybean estimate is 4.362 billion bushels at 52.5 bushels per acre, versus USDA's 53.3. Wind damage from the August derecho affected millions of acres.

- Date: 2020-08-21 · published 2020-08-21T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/51456-pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.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

Private estimates well below USDA's record yields signal a smaller U.S. corn and soybean supply than officially projected, which supports prices for both crops.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-08-27 | 5 | +5.5% | 2.9 | Pro Farmer's soybean yield estimate of 52.5 bu/acre, below USDA's 53.3, tightened the expected supply and supported prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -1.5% | -7.4% |
| WHEAT | 2021-10-12 | [USDA officials increase soybean, corn yield estimates \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44382-usda-officials-increase-soybean-corn-yield-estimates-agri-pulse-communications.md) | +0.7% | +8.0% |
| WHEAT | 2025-02-11 | [USDA trims South American corn, soybean estimates \| Crop Conditions \| farmweeknow.com](https://feedsoft.ai/events/25994-usda-trims-south-american-corn-soybean-estimates-crop-conditions-farmweeknow-com.md) | +2.0% | -3.0% |
| WHEAT | 2023-05-15 | [USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg](https://feedsoft.ai/events/35890-usda-ending-stocks-reveal-record-projections-for-corn-and-soybeans-proag.md) | -1.6% | -7.1% |
| WHEAT | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -2.7% | +0.0% |
| SOY | 2023-08-25 | [Pro Farmer releases 2023 national corn and soybean estimates - Pro Farmer](https://feedsoft.ai/events/13255-pro-farmer-releases-2023-national-corn-and-soybean-estimates-pro-farmer.md) | -0.4% | -5.1% |
| SOY | 2023-08-25 | [Pro Farmer Crop Estimates Below USDA Expectations - Farm Journal](https://feedsoft.ai/events/13259-pro-farmer-crop-estimates-below-usda-expectations-farm-journal.md) | -0.4% | -5.1% |
| SOY | 2022-08-26 | [Pro Farmer Crop Estimates Far Below USDA Expectations - Farm Journal](https://feedsoft.ai/events/13341-pro-farmer-crop-estimates-far-below-usda-expectations-farm-journal.md) | -5.1% | -8.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40014122
- prnewswire.com: https://www.prnewswire.com/news-releases/pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts-301116559.html

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