# USDA Surprises Drive Corn Prices Higher - farmdoc daily

> USDA's June 30 Acreage and Grain Stocks reports showed 92.01 million acres of corn planted, about 3.2 million below trade expectations and 4.98 million below March intentions. Quarterly corn stocks also came in above analyst estimates.

- Date: 2020-07-06 · published 2020-07-06T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/52152-usda-surprises-drive-corn-prices-higher-farmdoc-daily
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The sharp acreage cut tightened the outlook for the 2020 US corn crop and drove prices higher, raising feed corn costs for buyers.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-14 | [Acreage Surprise Boosts Old-Crop Prices - farmdoc daily](https://feedsoft.ai/events/37731-acreage-surprise-boosts-old-crop-prices-farmdoc-daily.md) | -0.0% | +0.7% |
| CORN | 2018-02-08 | [USDA Lowers Corn Stocks, Prices Rise](https://feedsoft.ai/events/10009-usda-lowers-corn-stocks-prices-rise.md) | +0.2% | +2.3% |
| CORN | 2025-09-12 | [USDA Delivers Another Corn Surprise With Yield Cut, Acres Hike](https://feedsoft.ai/events/6853-usda-delivers-another-corn-surprise-with-yield-cut-acres-hike.md) | +5.1% | +3.6% |
| CORN | 2025-09-13 | [WASDE: USDA surprises with even bigger corn production](https://feedsoft.ai/events/6849-wasde-usda-surprises-with-even-bigger-corn-production.md) | +5.1% | +2.8% |
| CORN | 2024-06-10 | [Corn Prices Survive Bearish Winter](https://feedsoft.ai/events/6155-corn-prices-survive-bearish-winter.md) | +4.9% | -3.8% |
| SOY | 2019-01-01 | [USDA Reports Provide Surprises for Corn](https://feedsoft.ai/events/61054-usda-reports-provide-surprises-for-corn.md) | +2.7% | +4.4% |
| SOY | 2022-12-14 | [Corn and Soybean Yields in 2022 - farmdoc daily](https://feedsoft.ai/events/13311-corn-and-soybean-yields-in-2022-farmdoc-daily.md) | -0.1% | +3.4% |
| SOY | 2017-05-15 | [2017-18 Market Prospects for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/70852-2017-18-market-prospects-for-corn-and-soybeans-farmdoc-daily.md) | -0.1% | -2.4% |

## Sources

- origin.farmdocdaily.illinois.edu: https://origin.farmdocdaily.illinois.edu/2020/07/usda-surprises-drive-corn-prices-higher.html

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