# Growing demand for corn, soybeans driving up prices | Feed Strategy

> USDA data show U.S., Brazilian, Argentine and Black Sea soybean and corn export bids rose through July 2020 on post-pandemic demand recovery. U.S. corn bids fell US$9 to US$162 per ton as they dropped below Brazil for the first time since spring. USDA expects record 2020/21 corn output of 15.3 billion bushels and yields above 181 bushels per acre, with average on-farm corn prices forecast at US$3.10 per bushel.

- Date: 2020-08-25 · published 2020-08-25T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51666-growing-demand-for-corn-soybeans-driving-up-prices-feed-strategy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record expected North American and global production points to softer corn and soybean prices into harvest, even though demand remains firm. Feed buyers may find cheaper corn ahead, though soybean meal values are supported by steady export demand.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-10-28 | [Corn Soybean Prices Dip as US Harvest Exceeds Expectations \| Feed Strategy](https://feedsoft.ai/events/67-corn-soybean-prices-dip-as-us-harvest-exceeds-expectations-feed-strategy.md) | -0.5% | — |
| CORN | 2021-09-14 | [Reduced drought conditions improve corn, soybean yields \| Feed Strategy](https://feedsoft.ai/events/44907-reduced-drought-conditions-improve-corn-soybean-yields-feed-strategy.md) | -1.4% | +0.3% |
| CORN | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | +3.0% | +4.1% |
| CORN | 2024-05-14 | [Sizing Up Potential Downside Risk for New-Crop Corn and Soybean Prices - farmdoc daily](https://feedsoft.ai/events/30287-sizing-up-potential-downside-risk-for-new-crop-corn-and-soybean-prices-farmdoc.md) | +0.5% | +4.8% |
| CORN | 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) | -8.8% | -9.3% |
| SOY | 2021-07-15 | [Commodity crop prices hinge on drought, ethanol demand \| Feed Strategy](https://feedsoft.ai/events/46170-commodity-crop-prices-hinge-on-drought-ethanol-demand-feed-strategy.md) | -1.9% | -4.2% |
| SOY | 2019-12-10 | [USDA Leaves Corn and Soybean Production, Supply and Demand Unchanged](https://feedsoft.ai/events/55512-usda-leaves-corn-and-soybean-production-supply-and-demand-unchanged.md) | +2.8% | +4.6% |
| SOY | 2026-09-11 | [DTN Yield Models Trend Slightly Down for Corn, Up for Soybeans](https://feedsoft.ai/events/12960-dtn-yield-models-trend-slightly-down-for-corn-up-for-soybeans.md) | +0.3% | -2.2% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/latest-news/article/15441582/growing-demand-for-corn-soybeans-driving-up-prices

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